Maximize Your Charity’s VAT Refund: Key Details on the Compensation Scheme

• Charities can reclaim a portion of their VAT costs based on non-public funding before the 30 June deadline
• Claims will be paid on a pro-rata basis if the total eligible claims exceed the capped amount
• To qualify, charities must be registered with Revenue, hold a charitable tax exemption, and be registered with the Charities Regulatory Authority
• Claims must be submitted through e-Repayments on Revenue’s Online System
• Detailed documentation and evidence must be provided to support the claim
• Qualifying income is the privately funded income of a charity, excluding publicly funded income
• Qualifying expenditure includes expenses used for charitable purposes and not eligible for VAT deduction or refund under other legislation

Source: charteredaccountants.ie

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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