Gift Aid - Tax Relief Scheme :
Parish of Carndonagh and Tax Relief on Donations
How to help the Parish of Carndonagh make the most of your donations
From 1st January 2013 the tax refund for donations made to Carndonagh Parish from all parishioners/donors regardless of their tax status (PAYE or Self-assessed) will now go to the Church. Individual donors can no longer get income tax relief personally.
The qualifying donation threshold remains at €250 per year (which equates to just under €5 per week).
Tax relief on your qualifying donations will now be given to Carndonagh Parish at a blended rate of 31% regardless of the rate of tax paid by you, the donor.
For example: Say you donate €5 per week in your envelope at the weekly collection, this will equate to an annual donation of €260. If you have the appropriate forms completed for the Church (see below for details), this will mean that your donation is actually worth €377 to the Church. That is, an extra €117 tax refund will be due to the Church as a result of your €5 per week donation.
The tax refund which the Church will receive on an annual/once off donation of €500 from an individual donor will be €224.64 and the tax refund on annual/once off donations of €1,000 will be €449.27.
The only reason that a refund claim will be rejected by Revenue is if you, the donor, have not paid sufficient tax in the relevant year to cover the reclaim or inaccurate details have been supplied.
How to make your donations worth more
You, the parishioners/donors can sign the approved certificate to cover qualifying donations over a five year period using the new CHY3 “enduring” form or if you prefer you can sign a CHY4 annual form which will cover just one year. Both forms are available by emailing sacredheartcarn@eircom.net.
Each form requires you to fill in your names, address, PPS number and to sign the form. The first year the certificate can apply is 2013. Please send your completed forms to the Parochial House or sacredheartcarn@eircom.net.
In respect of weekly donations made, can you please ensure that you use the envelopes provided for the collections as this will enable us to keep a track of the donations made and to make the appropriate claims for tax refunds.