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www.svp.ie - €250 gift could be worth €431 re their www

  • 26-12-2009 1:27am
    #1
    hedgeh0g
    Closed Accounts Posts: 393 ✭✭


    I was on the www.svp.ie and after clicking on "donations" and then page page 2, I saw this.

    "Your donation can mean even more to those in need - if you're a PAYE tax payer and give over €250 in one year, your €250 gift could be worth €431 if you pay the higher rate of tax or €313 if you are a standard tax payer. To help us reclaim tax on your donations, simply select one of the following"

    Im no tax expert but it looks like a good way to donate.


Comments

  • #2
    whiskeyman
    Registered Users, Registered Users 2 Posts: 12,564 ✭✭✭✭whiskeyman


    It's Tax Relief.
    Applies to all charitable donations over €250:
    http://www.fundingpoint.ie/knowledgebase/tax-relief-on-donations-to-charities


  • #3
    Yakult
    Moderators, Computer Games Moderators Posts: 7,944 Mod ✭✭✭✭Yakult


    Good job Im not a PAYE tax payer.


  • #4
    Senna
    Registered Users, Registered Users 2 Posts: 8,800 ✭✭✭Senna


    Yeah that was brought in about 2000, a charity donation over €250 is eligible for tax relief, so the charity sends you a form and you put your PPS number on and sent it to the revenue. The charity get the full amount of the donation (over €250) plus relief at what every rate of tax the donater is on. Another €160+ to the charity if your on the higher rate.


    When you hear of some very rich people paying no tax what-so-ever, they can be using this and other methods to offset their tax, i.e. the rich person chooses who gets the tax they pay and the gov get feck all.


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