Tá an chuid seo den suíomh idirlín ar fáil i mBéarla amháin i láthair na huaire.
The claim amount is called eligible tax in legislation and is the amount which a charity may claim under the scheme. This is the amount which is eligible to be claimed based on the level of non-public funding received.
The claim amount or eligible tax for the calendar year to which the claim relates, means an amount determined by the formula:
qualifying tax X (qualifying income/total income)
Charity A has total income of €37,000. It received a grant from the Government of €2,000. The qualifying income is €35,000. It paid €4,140 in VAT on qualifying expenditure.
The claim amount is:
€4,140 X (€35,000/€37,000) = €3,916.21
A charity which qualifies for the scheme, may therefore submit a claim for €3,916.21 for that year.
It is important to note that the minimum claim which may be submitted is €500. The total annual amount available to be paid out under the scheme is capped at €5 million per year. The amount which may be paid to any charity depends on demand from all applicants. This means that the amount paid by Revenue to any charity may be less than the claim amount.
Next: Making a claim
Published: 05 February 2019
Please rate how useful this page was to you
Print this page