Pearse Doherty
Question:97. Deputy Pearse Doherty asked the Minister for Finance the annual cost to the Exchequer of start-up relief for entrepreneurs. [29513/15]
View answerWednesday, 15 July 2015
Questions (97)
Written answers
As the Deputy is aware, the Seed Capital Scheme was recently rebranded and relaunched as StartUp Refunds for Entrepreneurs (SURE). This scheme provides refunds of tax previously paid to entrepreneurs who start their own qualifying business.
I am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' new, enhanced, Statistics webpage at
http://www.revenue.ie/en/about/statistics/index.html.
In relation to the Deputy's question, the latest detailed information on the costs of allowances and reliefs can be found at the above website under the heading 'Costs of Tax Expenditures'. The relevant line is "Investment in Seed Capital" and the latest full year for which information is available is 2013. Provisional information for 2014 indicates that the cost for that year is likely to be in the region of €1.8 million.