Your organisation can assist our efforts now with a financial donation and receive Tax Relief. Tax relief is available on donations of €250 or more in any one tax year to eligible charities from both individual and corporate donors.
After making a donation, we will send a receipt with your thank you letter. The company can claim a deduction for the donation as if it were a trading expense. The company pays corporation tax at 12.5% so their corporation tax bill is reduced by €250×12.5%=€31.
To qualify for the tax relief a donation must satisfy a number of conditions:
It must be in the form of money.
It must not be repayable.
It must not confer any benefit on the donor or any person connected with the donor.
It must not be conditional on, or associated with, any arrangement involving the acquisition of property by the charity or approved body.
The Charitable Donation Scheme allows tax relief on qualifying donations made to approved bodies.
If an individual donates €250 or more in a year, the approved body can claim a refund of tax paid on that donation.
If a company donates €250 or more in a year, the company can claim a tax deduction as if the donation was a trading expense.
There is a four year time limit for making a claim under this scheme.