Each year charities in Ireland are losing out on millions of euros of funds due to the lack of awareness of the Charitable Donation Tax Back Scheme.
The Charitable Donation Tax Back Scheme allows tax relief on qualifying donations made to eligible charities and approved bodies. If you make a single donation of €250 or more or multiple donations totalling €250 or more over the course of a year, the charity or approved body can claim a refund of tax paid on that donation by the donor. Under this scheme a charity can claim the refund for the past 4 years also.
Increasing your donation
How it works is surprising simple. The donor signs and returns a CHY3 Certificate form (available on www.charitytaxback.ie ) and returns to the charity. The charity takes care of the rest. It’s really that easy.
For example, a donation of €250 is worth €362.50 to the charity. When the donor completes the form, the charity can then claim the extra €112.50. Very little the donor needs to do other than sign a form.
Get in touch with the charity if you have donated over €250. They will gladly assist you with completing the forms.