Trevor Sargent
Question:64 Mr. Sargent asked the Minister for Finance if recycling companies can qualify for business expansion scheme relief. [14302/95]
Written Answers. - Business Expansion Scheme Relief.
In order to get business expansion scheme relief, a recycling company would have to qualify as a manufacturing entity which can avail of the 10 per cent corporation tax rate. I am advised that the Revenue Commissioners are of the opinion that, on the face of it, by virtue of section 39 (5) of the Finance Act 1980, recycling would not be regarded as the manufacture of goods for the purposes of the legislation. However, should a recycling company wish to apply for classification as a 10 per cent company a specific application would have to be considered on the basis of the particular facts of the case.