As a charity Wexford Arts Centre can benefit from the monthly donation scheme while an individual can avail of tax relief for donations to eligible charities and approved bodies. We can reclaim the amount of gross tax from the Revenue Commissioners provided donation from the individual total over €252 within the tax year (this works out at €21 per month).
How monthly or annual donations paid under the scheme of tax relief for donations to eligible charities and other approved bodies increase the value of the donation of an individual taxpayer (Effective from 1 January 2013)
Gift | Total Annual Donation | Value to charity at blended rate of 31% |
Monthly gift of €21 | €252 | €365 |
Monthly Gift of €50 | 600 | €869 |
Single Gift | €350 | €507 |
For more information on the Charitable Donation Scheme visit Revenue.ie or read the PWC Charitable Giving Guide