FOR COMPANIES & FOR PAYE TAXPAYERS

Companies registered in Ireland can claim a tax deduction for donations of €250 or more in any one tax year as if it were a trading expense. For more information refer to the "Scheme of Tax Relief for Donations of Money or Designated Securities to Eligible Charities and Other Approved Bodies, under section 848A, Taxes Consolidation Act 1997" on the revenue website www.revenue.ie

If a PAYE taxpayer makes a donation of €250 or more during the tax year the value of the donation to the Asthma Society of Ireland can be increased dramatically. The Asthma Society of Ireland can claim an extra 25% of the value of your donations if you pay income tax at the standard rate of 20%, while we can claim an extra 69% if you pay tax at the higher rate of 41%. All of this at no extra cost to you. Further information refer to form CHY2 on www.revenue.ie or e-mail charityclaims@revenue.ie

The Asthma Society is not permitted to claim tax relief on donations from Self Assessed tax-payers. The Asthma Society will supply Self Assessed tax-payers with an official receipt for their donation and this receipt should be forwarded directly to the Revenue Commissioners who will adjust the individuals tax liability accordingly. The scheme applies whether you donate by a once off lump sum or by separate instalments. For more information refer to the "Scheme of Tax Relief for Donations of Money or Designated Securities to Eligible Charities and Other Approved Bodies, under section 848A, Taxes Consolidation Act 1997" on the revenue website www.revenue.ie or e-mail charityclaims@revenue.ie