Revenue has updated the Tax and Duty Manual which provides guidance on tax relief for charitable donations to approved bodies.
The amendments include:
- Examples of payments to "approved bodies" which are not considered a relevant donation for the purposes of the Charitable Donation Scheme (paragraph 3);
- Educational institutions defined in section 53(1)(a) of the Higher Education Authority Act 2022 and the Royal Irish Academy are added to the list of approved bodies (paragraph 6); and
- The increase to €250,000 in the minimum annual income limit for audited financial accounts (paragraph 8).
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