Revenue restructures its guidance on the Employment Investment Incentive Scheme (EIIS) and related reliefs

Through our participation in the Tax Administration Liaison Committee (TALC), the Institute has consistently engaged with Revenue on the need to restructure the guidance on the reliefs for investments in corporate trades under Part 16 of the Taxes Consolidation Act (TCA) 1997, namely the Employment Investment Incentive Scheme (EIIS), the Start-up Capital Incentive (SCI) and the Start-up Relief for Entrepreneurs (SURE).

We are therefore happy to share that Revenue has now restructured its guidance on these reliefs by expanding the guidance across four distinct documents.

• Part 16-00-02A now provides an overview of the reliefs and explains which of the other three documents is most relevant to the readers specific needs,be they a qualifying company, a qualifying investor, or an entrepreneur.
• Part 16-00-03 provides guidance for companies who may wish to raise risk finance using EIIS or SCI.
• Part 16-00-04 provides guidance for investors who seek to claim relief on investments made under EIIS or SCI.
• Part 16-00-05 provides guidance in relation to the income tax relief available for SURE.

Readers should also be aware that the original guidance can be found here.