Start Up Refunds for Entrepreneurs (SURE) provides a refund of tax paid in the previous six tax years to those previously in PAYE employment, or recently unemployed, where they invest funds into a new business set up by them.
The most recent year for which statistics are available on this incentive is 2016. The cost and number of individuals who have availed of SURE for each year from 2012 to 2016 inclusive are as follows:
Year
|
Cost €m
|
Claimants
|
2016
|
1.9
|
80
|
2015
|
1.8
|
86
|
2014
|
1.8
|
59
|
2013
|
1.3
|
60
|
2012
|
1.6
|
88
|
As the Deputy will be aware, in 2018 I commissioned a review of the Employment and Investment Incentive (EII) and SURE. Following on from the recommendations made in this review, I have extended both incentives to 31 December 2021.