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 company set up by them.
I am advised by Revenue that there is no statistical basis on which to estimate the cost of broadening the scheme to self-employed taxpayers as it is not possible to quantify the potential uptake resulting from the proposed change.
I am also advised by Revenue that the cost and uptake details in respect of the scheme are as follows:
Year
|
Cost (€M)
|
Uptake
|
2016
|
1.9
|
80
|
2015
|
1.8
|
86
|
2014
|
1.8
|
59
|
2013
|
1.3
|
60
|
2012
|
1.6
|
88
|
The most recent year for which data are presently available is 2016, it is expected that 2017 will be available in the coming weeks.
Finally, the Deputy may wish to be aware that the most up-to-date information on cost and uptake for the scheme is available at the following link:
https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx.