Charitable Donation Tax Relief – Corporate Donations

How does it work?

Businesses can receive Tax Relief on their donations of €250 or more in a given year. This relief is claimed as a deduction for any monetary donation similar to a trading expense.

Once a donation is received, Crann will send a receipt along with a thank you.

Businesses can claim a deduction for the donation as if it were a trading expense. The company pays corporation tax at 12.5% so their corporation tax bill is reduced by €250×12.5% = €31.

To qualify for the tax relief a donation must satisfy a number of criteria, including:

• It must be in the form of money.
• It must not be repayable.
• It must not confer any benefit on the donor or any person connected with the donor.
• It must not be conditional on, or associated with, any arrangement involving the acquisition of property by the charity or approved body.
• It applies to qualifying donations made to approved bodies like The Crann Centre.

Please note, that there is a four-year time limit for making a claim under this scheme.