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How to help St. Mary’s Church, Bocan make the most of your donations<\/span><\/div> <\/span><\/div>From 1st January 2013 the tax refund for donations made to St Mary’s Church 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.<\/span><\/div> <\/span><\/div>The qualifying donation threshold remains at €250 per year (which equates to just under €5 per week).<\/span><\/div> <\/span><\/div>Tax relief on your qualifying donations will now be given to St Mary’s Church at a blended rate of 31% regardless of the rate of tax paid by you, the donor.<\/span><\/div> <\/span><\/div>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.<\/span><\/div> <\/span><\/div>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. <\/span><\/div> <\/span><\/div>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.<\/span><\/div> <\/span><\/div>How to make your donations worth more<\/span><\/div>