Dáil Éireann Debate, Wednesday - 24 June 2015
130. Deputy Peadar Tóibín asked the Minister for Finance the annual cost to the Exchequer of broadening start-up relief for entrepreneurs to include self-employed taxpayers as well as pay-as-you-earn taxpayers. [25307/15]
View answerI am informed by the Revenue Commissioners that there is no statistical basis to enable them to estimate the cost of broadening the StartUp Refunds for Entrepreneurs scheme to self-employed taxpayers. For that reason an estimate of the cost of the proposal cannot be provided.
However, I would point out that the Start Your Own Business initiative is available to self-employed entrepreneurs who set up their own unincorporated business, having previously been unemployed for at least 12 months. This initiative provides an exemption from Income Tax on the first €40,000 of taxable profits for the first two years of trading.
