Invest in Your Club
Enhancing the pitches and facilities outlined the development plan that we need for the future depends on the generous support of our members and the local community,
There are many ways to donate, including:
Cheque/Cash Payment – Cheques should be made payable to Courcey Rovers GAA Club Development.
Standing Order – A yearly or monthly standing order can be set up to be paid directly into the Courcey Rovers GAA Club Development account (BIC: AIBKIE2D and IBAN: IE15AIBK93408905532209)
Revolut – On your Revolut app tap ‘Transfer’ and select ‘New’. Select 'Bank Recipient' under the 'Add New' list and choose 'Individual' and add the bank details of the Courcey Rovers GAA Club Development account (BIC: AIBKIE2D and IBAN: IE15AIBK93408905532209)
Tax Relief Scheme
We are a Revenue approved sports body and our development project has been approved by the Department of Tourism, Culture, Arts, Gaeltacht, Sports and Media. Our project number is R-11-32-36.
This means that if you are a PAYE worker and your donations in a calendar year total at least €250, the club can claim significant extra funding from the Revenue Commissioners without any extra cost to you. See examples below.
Examples of how the tax relief for contributions works for PAYE taxpayers
Example | A | B | C | D |
Contribution per year | €250 | €250 | €500 | €1250 |
Contributor’s tax rate | 20% | 40% | 40% | 40% |
Cost to Contributor | €250 | €250 | €500 | €1250 |
Tax Refund claimed by Club | €63 | €167 | €333 | €833 |
How does the scheme work for Self-Assessed Taxpayers?
A donation from an individual who pays tax on a self-assessed basis is treated differently (e.g. someone who is self-employed or reports extra rental/share income). The taxpayer is entitled to claim a tax deduction against their total income when filing their annual income tax return. In this scenario the taxpayer will receive the benefit of the tax relief directly (and the club cannot claim). As Self-Assessed taxpayers personally receive the benefit of the tax relief on donations, the Club hopes to encourage them to increase the value of the upfront donation.
For example, if a Self-Assessed taxpayer, who pays tax at the 40%, was to match the donation of the PAYE Taxpayer In Example B in the table above, they would donate €350 to the Club, and claim tax relief of €100 on their annual income tax return. The net cost to the Self-Assessed taxayer would be €250.
What are the Key Conditions of the scheme?
• A contribution must be at least €250 in a tax year.
• Contributions are kept in a separate bank account and can only be used for the purposes of the development project.
• The Club is required to keep financial records and is required to submit an annual report to the Department of Sport.
Contacting us
We welcome contributions of any kind; ideally they would be transferred electronically but forms or donations can also be handed to any member of the Fundraising or Development Committee.
The Tax Rebate scheme will be administered in strictest confidence by:
- Mary O'Connell
- Liam Merwick
- Sean O'Callaghan
They can be contacted at development.courceyrovers.cork@gmail.com
In order for the club to claim the extra funding from the Government, the PAYE employee who made combined donations of at least €250 over the year, will need to complete a Revenue SPR1 form for that year and hand it to one of the people above (or in a sealed envelope to any member of the Development Committee).
Frequently Asked Questions
Below are answers to some possible Frequently Asked Questions on the Development Plans and the Tax Rebate Scheme that are included in the information packs.
