JP's gift to the GAA and tax reclaim

[jasdpace@gmail.]

Is RTE/the Irish Times correct in their claims that country boards can get a top-up on the gift via a tax reclaim?

 

[Protocol]

Charitable Donation Scheme

This page explains what is the Charitable Donation Scheme

www.revenue.ie

Charitable Donation Scheme​

1. Overview
2. What is an approved body?
3. How to become an approved body?
4. What is a qualifying donation?
5. Claiming tax relief on donations
6. How does an approved body claim the relief?

Overview​

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.

What is an approved body?​

For the purposes of the Charitable Donation Scheme, an approved body is:

• a charity that has been authorised by Revenue to operate the scheme, that is, an eligible charity
• primary, second and third level institutions who have programmes approved by the Minister for Education and Skills
• institutions that provide courses which are certified by Quality and Qualifications Ireland (QQI)
• institutes that are approved for Education in the Arts by the Minister for Finance
• organisations that promote human rights as detailed under Section 209 Taxes Consolidation Act 1997.

 

[Towger]

If they are registered charity with Revenue and the donner paid (enough) Income Tax for the relevant Tax Year.

Edit: And the donner fills in a CHY3/4 Form.

 

[Protocol]

Charities and sports bodies

Charities and sports bodies

www.revenue.ie

Charities and sports bodies​

• Charitable tax exemption
• Charitable Donation Scheme
• Sports bodies tax exemption
• Tax relief on donations to certain sports bodies
• Non-resident charities
• Tax clearance for charities
• VAT Compensation Scheme

 

[Flybytheseat]

Thought JP was a Swiss tax resident so unlikely he pays Irish income tax

 

[Towger]

Thought JP was a Swiss tax resident so unlikely he pays Irish income tax

Exactly. So unless some exception to the rules is going to be made RTE/Irish Times are talking rubbish.

 

[jasdpace@gmail.]

That's what it sounds like to me, Towger

 

[Itchy]

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.

Unless he has an Irish registered company that is actually making the donation in which case he gets the tax relief

 

[Towger]

Unless he has an Irish registered company that is actually making the donation in which case he gets the tax relief

You can be sure the donations will be made in the most tax efficient way