Tax Relief on Donations

 

Tax Relief on Donations

One Family is an eligible charity under the Scheme of Tax Relief for Donations to eligible Charities and other Approved Bodies under the terms of Section 848A Taxes Consolidation Act, 1997

Donations over €250
Any taxpayer who donates €250 or more in a year (€20.84 in a month) to One Family will either:
·  Allow the Charity to reclaim the tax relief (PAYE/Self-Assessed donors)
·  Allow the Corporate Donors to claim tax relief

Tax Payer Information

PAYE/Self Assessed Donor:
If you are a PAYE taxpayer or Self Assessed and can donate €250 or more in one calendar year, your donation can be worth up to 31% more to One Family.  To allow us to claim the grossed up amount of tax associated with your donation One Family will send you a CHY2 certificate to complete and return to us.

Example:  A donation of €250 will be grossed up at 31% as follows:  €250*100/69 = €362.32 so the tax refund will be €362.32-€250 = €112.32.  A donation of €500 will be worth €224.64 to One Family.

The charity benefits from the tax relief.

Corporate Donor:

If a company makes a donation of €250 to One Family, the company can claim a deduction for the donation as a trading expense.
The company benefits from the tax relief.

To find out more or see the forms on the revenue website follow the link below:

http://www.revenue.ie/en/tax/it/forms/chy2cert-charity.pdf For more information contact 01 662 9212 or email development@onefamily.ie.

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