Tax relief on contributions
Irish Cycling Campaign (CHY 15482) is authorised by the Revenue Commissioners as an Approved Body under Section 848A and Schedule 26A of the Taxes Consolidation Act 1997 – the Charitable Donations Scheme.
What this means is that if you pay income tax in the Republic of Ireland and donate a minimum of €250 to Irish Cycling Campaign in any one financial year, we can claim 31% in tax relief at no extra cost to you. For example, if you donate €250, that would be worth €362.32 to us. This is regardless of your tax payer status – whether PAYE employee, self-employed or retired – and regardless of the rate of tax paid.
To do this, you just need to complete a very simple form. There are two relevant Revenue forms: CHY3 (Enduring Certificate) which covers a contribution period of five years and CHY4 (Annual Certificate) which covers a single year.
We do not ask any questions about your tax affairs – all we need is your contact details, signature and PPS number. We will retain this number only to obtain tax rebates on your donations. All that remains is to post a hard copy of the completed form to Irish Cycling Campaign at Tailors’ Hall, Back Lane, Dublin, D08 X2A3. We will do the rest!
The above only applies to contributions from an individual. Different rules apply to businesses. Revenue allows a business which contributes over €250 in a year to charity to offset the amount against tax.