Tax relief figures suggest drop in Irish charity income
Howard Lake | 17 February 2014 | News
Figures provided to the Irish Dail by the Irish finance minister indicate that donations to charities fell last year.
Finance Minister Michael Noonan reported last week that there was a €1.6 million drop in the income tax relief the exchequer gave on PAYE donations to charity. In reply to a question by Michael McGrath TD, Michael Noonan provided figures which showed tax relief in 2013 was worth €23.5 million against €25.1 million in 2012.
Quoted in the Irish Times, Mr McGrath said the drop in donations “even before the controversy about charity funding emerged”, showed the need for charities to “step up to the mark” in funding and business activity transparency.
Many charities will receive tax relief income from PAYE donations in 2013 this year and if the ‘top up’ controversy has had as big an effect as some charities suspect it will be reflected in returns in 2014.
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.