The Minister for Finance, Mr. Michael Noonan, T.D., announced today that he intends to bring forward changes to the tax relief that is available for donations to
approved bodies in Budget 2013 to take effect from 1 January 2013.
The Minister said that “Officials from my Department, the Revenue Commissioners and the Irish Charities Tax Reform Group have been working together on possible options to simplify the relief scheme and thus reduce the administrative burden on charities and the Revenue Commissioners of operating the scheme. Simplification of the scheme is also one of the recommendations of the Forum on Philanthropy and Fundraising. Having considered the proposals made to me by the working group and the Forum I have decided to signal my intention to introduce changes to the tax relief scheme from next year.”