Dáil Éireann Debate, Wednesday - 2 October 2019
119. Deputy Robert Troy asked the Minister for Finance further to Parliamentary Question No. 164 of 4 December 2018, the updated cost of adapting the employment and investment incentive scheme (details supplied) in tabular form. [40109/19]
Amharc ar fhreagraI am advised by Revenue that the estimated cost to the Exchequer of increasing the current allowable tax relief cap of €150,000, available to individual investors under the Employment and Investment Incentive (EII) Scheme, in the manner described by the Deputy is set out in the following table.
| Threshold | Cost (€m) |
| €200,000 | 0.4 |
| €300,000 | 0.7 |
| €400,000 | 0.8 |
| €500,000 | 0.9 |
| €600,000 | 1.0 |
| €700,000 | 1.0 |
| €800,000 | 1.1 |
| €900,000 | 1.2 |
| €1M | 1.2 |
| €1.1M | 1.3 |
| €1.2M | 1.4 |
| €1.3M | 1.4 |
This costing assumes a maximum of relief of 30% and does not include the additional 10% relief that is currently available under the Scheme after a period of 4 years from the initial investment. It is based on actual data relating to the operation of scheme in 2017 and assumes that there are no behavioural changes as a result of the increased caps on the relief.
