Tax relief for new start-up includes UK incorporated companies

Feb 22, 2021

Updates to the Tax and Duty Manual Part 15-03-03 – Tax Relief for New Start-up Companies – reflect amendments to the definition of a new company in section 486C TCA 1997, which now includes companies incorporated in the UK.

Section 55 of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020 amends the definition of new company in section 486C TCA 1997, to include companies incorporated in the UK.

The manual now reflects this amendment. See eBrief no.028/21 for further details.