Donate To The Cappoquin Community Centre Fund
If you pay Income Tax in Ireland you can increase your contribution by up to 72.4% without spending an extra cent.
- Contributions From P.A.Y.E. Individuals
If you pay P.A.Y.E. income tax at the standard rate the Community Centre can claim tax relief, equivalent to 25% of the value of the contribution. For contributors who pay P.A.Y.E. income tax at the higher rate can increase the value of their contribution by up to 72.4%. All you have to do is complete a simple form.
Note: The minimum contribution that the Community Centre can claim tax relief is €250 per year. For instance, in a full year, a monthly contribution of €21 (or €5 per week) will earn the Community Centre an extra €182, at the higher tax rate of 42%.
How tax relief increases your contribution to the Community Centre
- Contributions From Self-assessed Individuals
If you pay income tax through the self-assessment method then you can use your contribution as a normal income tax relief. Instead of completing a tax relief form you only have to forward your contribution receipt with your annual assessment as proof of payment. If you pay tax at the higher rate and make a contribution of €1,000 then you receive tax relief of €420. So the cost to you is only €580 while the Community Centre receives €1,000.
- Corporate Contributions
Companies contributing more than €250 in their financial year should treat the contribution as a normal business expense, deductible at the appropriate rate of corporation tax.
How tax relief increases your contribution to the Community Centre:
| Your Monthly Contribution |
Annual Amount |
Value to the Community Centre at higher Tax Rate (42%) |
Value to the Community Centre at standard Tax Rate (20%) |
| €21 |
€252 |
€434 |
€315 |
| €40 |
€480 |
€828 |
€600 |
| €60 |
€720 |
€1242 |
€900 |
|