Dáil Éireann Debate, Thursday - 17 December 2015
145. Deputy Michael McGrath asked the Minister for Finance the tax expenditure, the number of participants and the jobs supported under the employment and investment incentive and seed capital scheme in each of the years 2013 to date; and if he will make a statement on the matter. [45969/15]
View answerI am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' Statistics webpage: http://www.revenue.ie/en/about/statistics/index.html. In relation to the Deputy's Question, the latest information on the cost and numbers availing of the "Employment and Investment Incentive (EII)'' and "Investment in Seed Capital" schemes can be found at http://www.revenue.ie/en/about/statistics/costs-tax-expenditures.pdf. The latest full year for which information is available is 2013. Updates for 2014 will be published in due course.
Data in relation to the number of jobs supported should become available at a later stage. Under the terms of the incentive, relief in respect of 30% of the amount invested in a qualifying company is granted to the investor in the year of investment, while the balance is only due where it has been proven that employment levels have increased at the company, or where evidence is provided that the company used the capital raised for expenditure on research and development, at the end of the holding period. Claims for the balance of the relief are due from this year.
