EII Scheme public consultation launched

Jan 11, 2021

The Department of Finance launched a public consultation on the Employment Investment Incentive (EII) Scheme. The Minister for Finance, Paschal Donohoe TD, made reference to this consultation process in his Budget 2021 speech noting the need for enhancement to the scheme in light of the pandemic. Responses to the consultation must be submitted by 12 February 2021.

Interested parties are invited to make submissions regarding:

  1. Enhanced support for start-ups through EII.
  2. Broadening the eligible funds from Irrevocable Trusts/Designated Investment Funds by opening EII Funds to other relevant regulated fund structures.
  3. The relationship between the Renewable Energy Support Scheme (RESS) and EII.
  4. How EII might respond to the changing environment in which it operates.
  5. Any matters considered relevant.

Tax News subscribers can email tax@charteredaccountants.ie to share their feedback on the EII Scheme should they wish to have it considered as part of the CCAB-I submission.