Tax Effective Giving
How to make your contribution go further!
Did you know that by simply completing a CHY2 tax relief form you can help the CROSS to reclaim thousands of euro from the Revenue Commissioners at no extra cost to you?
By enabling us to claim tax back on your donation you can help even more people who are dealing with cancer right now and those who may be diagnosed in the future.
If you are a PAYE / PRSI employee and you give more than €250 in a calendar year, we can reclaim the tax paid on your donation(s). This only applies to individual contributions and not to monies raised through sponsorship.
You can make your donation as a once-off lump sum gift (minimum €250 required) or by instalments. For example a standing order of €21 per month over 12 months totals €252, and qualifies for the tax relief scheme. You could even give a few gifts over the course of the year totalling a minimum of €250 to qualify.
If you are a self-assessed person, although CROSS cannot claim tax on your donation, you may make a claim for tax relief when filing your tax return and reduce the cost of making your donation.
Companies donating more than €250 can also claim tax relief by including the claim on the company’s tax return.
How much further can my contribution go?
As an example, a person donating €250 who pays income tax at the rate of 20% attracts a reclaim of €63 from the Revenue Commissioners making the total value of your gift to the CROSS €313.
At the higher tax rate of 41% that reclaim is worth €174 for a total gift of €424.
For a company with a tax rate of 12.5%, the after tax cost of making a donation of €250 is €219.
How do I get a tax relief form?
Simply download this form
For further information on charity tax relief please see www.revenue.ie.
The scheme is completely confidential.
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