Tax Efficient Giving
Did you know that each euro you’ve already donated to LauraLynn could be worth an extra 45 cent? Meaning you can help even more children at no extra cost to you.
You see, under the government’s Charitable Donation Tax Back Scheme, LauraLynn can reclaim tax on donations totalling €250 or over made by individuals in a tax year, once you are an Irish taxpayer - PAYE, self-assessed or jointly assessed.
For example, if you donated €250 in a given year, it could be worth €362.33. With the stroke of your pen, you could bring more happiness into the lives of children with life-limiting illnesses and their families.
All you need to do is download the CHY form below, sign and date the form, insert your PPS number and send it back to us. Alternatively you can give us a call on 01-2893151 and we will talk you through it.
You can find all the documents you need below.
Questions you may have on how the CHY3 works:
Up to 45%! For example if you donate €250, LauraLynn can claim an extra €112.25 from Revenue, making your donation worth €362.25.
If you are a taxpayer (self-employed, PAYE or joint-assessed) the donations you make to a charity can be eligible for a refund from Revenue – but only by the charity. You cannot claim the tax yourself.
Not anymore. Since 2013 self-employed people can no longer claim tax relief. Only charitable organisations can claim it on their behalf.
Signing the CHY3 will not cost you a cent or impact your personal tax situation.
You don’t need to be working full time or be paying a large amount of tax. Often, people pay tax on other forms of income such as pensions, social welfare payments and investments etc. For example, if you donated €250 the tax rebate would be €112.33, so you would only need to have paid €112.33 in tax in the whole year.
If your donations are eligible for taxback, all we need is your PPS number, name and address. If you are ‘associated’ with LauraLynn, you will need to tick the relevant box.
You do not need to tick this box unless you are an employee or board member of LauraLynn. Donors and volunteers are not considered as being ‘associated’ with LauraLynn.
You don’t need to tell us how much you earn or what tax rate you pay. All we need is your PPS number which we retain securely for the purpose of submitting an end of year claim to Revenue from all donations received over €250. Revenue requires PPS numbers to calculate the value of the refund on donations which they deem to be eligible. We comply with data protection regulations at all times.
No. Signing the CHY3 simply means that if you choose to support us during the next five years we can claim the tax back without asking you to sign another form; saving postage and admin time. However, if you would prefer not to sign the five year form you can complete an annual CHY4 form, valid for one year – just let us know and we can send you this.
Each charity can claim the tax relief and Revenue will do the calculation, allocating the refund depending on how much tax you paid during the year.
We hope this will help to answer any questions you may have about the Charity Tax Rebate Scheme. The official notes provided by Revenue are with your CHY3 form and will provide you with additional information and you can find more information on Revenue.ie