Dáil Éireann Debate, Tuesday - 24 July 2018
277. Deputy Michael McGrath asked the Minister for Finance the annual cost of the entrepreneurial relief for each year since its establishment including 2017; the number of companies that have availed of the scheme in each of these years by multinational companies and SMEs; and if he will make a statement on the matter. [33923/18]
Amharc ar fhreagraIt is assumed that the Deputy is referring to the revised Entrepreneur Relief provided for in Section 597AA of the Taxes Consolidation Act 1997.
I am advised by the Revenue Commissioners that the provisional cost of the revised Entrepreneur Relief for 2016, based on the latest data available, is in the region of €20m with approximately 400 individuals claiming the relief. This is provisional and likely to change as further analysis is done. As the relief is claimed by individuals, it is not possible to provide a breakdown by multinational companies and SMEs.
