Information for Self-Employed and Corporate Donors
Section 847A Taxes Consolidation Act 1997 (TCA) provides tax relief for relevant donations to approved sports bodies for the funding of approved projects. Kinvara Hockey Club has received this Revenue approval for our Pitch Development Fundraising Project.
In the case of a donation made by an Individual who pays tax on a self-assessment basis, the individual will be entitled to claim a tax deduction for the donation in computing his or her total income.
Similarly, in the case of Corporate Donations, the company will be entitled to claim a deduction for the donation as if it were a trading expense or an expense of management in computing total profits of the company for the relevant accounting period.
- Donation received by Club = €2,000
- Corporation tax deduction by Company at 12.5% = €250
- Actual after-tax cost of donation by company = €1,750
Kinvara Hockey Club will issue the appropriate receipt to Self Employed Businesses and Companies in accordance with Revenue Legislation.
We would be delighted to discuss further with you. Please contact us at
fundraisingkinvarahockey@gmail.com or fill in the form on our Business Sponsorship page.