MSC Club Development
Mullaghmore Sailing Club has ambitious plans to upgrade the club facilities which will significantly improve our capacity as a training centre and enhance value to members, the local community and partner groups and clubs who use MSC for various activities. Planning permission for the new development has been obtained and detailed plans are available to view in the club. We are currently looking at funding the project which will be through a combination of grants and donations from members and supporters.
All donations, large and small, will be gratefully received and bank details are provided below.
The development has been formally certified by Department of Culture, Communications and Sport as a project which qualifies for the Tax Relief Scheme for Donations to Certain Sports Bodies. This means that any donation of €250 or more towards the project in one tax year qualifies for tax relief which can, in certain circumstances as outlined below, be surrendered to the club. The donation can be made in more than one payment as long as it is all within the one tax year.
Please contact the Club Treasurer, treasurer@mullaghmoresailingclub.org should you wish to discuss options or if you need any clarification on aspects of the scheme. Donors giving €3,000 or more will have the option of name recognition in the new building.
PAYE employed individuals
If you are a PAYE-only taxpayer and make a donation of €250 or more in the tax year you can choose either of the following options:
You can claim a deduction for the donation amount against total income when submitting the tax return. The club only receives the donation – it does not receive any grossed up relief
You can surrender the tax relief to Mullaghmore Sailing Club by completing a certificate (SRP1) which is sent to the Treasurer either in scanned form or by post. In this instance you do not include the donation amount in the annual tax return. The club will receive the contribution and the grossed up relief by applying to Revenue.
Forms will be held securely only for Revenue requirements and will be destroyed once no longer required.
Self-employed Individuals
The treatment of self-assessed individuals is now similar to PAYE employees following changes to tax rules effective from 1 January 2025. If you make a donation of €250 or more in the tax year you can choose either of the following options:
You can claim a deduction for the donation amount against total income when submitting the tax return. The club only receives the donation – it does not receive any grossed up relief.
You can surrender the tax relief to Mullaghmore Sailing Club by completing a certificate (SRP1) which is sent to the Treasurer either in scanned form or by post. In this instance you do not include the donation amount in the annual tax return. The club will receive the contribution and the grossed up relief by applying to Revenue.
Forms will be held securely only for Revenue requirements and will be destroyed once no longer required.
Limited Companies
If your company makes a donation of more than €250 in a tax year towards this project the company can claim the donation as an expense in calculating its profit for the year. The club receives the donation amount and does not claim anything further from Revenue. No certification is required in this case. All donations towards the project are ringfenced in a development account with our bank.
Bank Details
You can transfer your donation to the club’s development account:
NAME: Mullaghmore Sailing Club and Centre CLG
IBAN: IE30BOFI90544095727551
BIC: BOFIIE2D
A receipt will be provided by the club for your donation. All SRP1 forms should be sent to treasurer@mullaghmoresailingclub.org. This is only required for donations in excess of 250 euros as outlined above.