Revenue Note for Guidance

CHAPTER 3 Income tax and corporation tax

Chapter 3 provides for an exemption from corporation tax and income tax in respect of certain grants, income, profits or gains.

223 Small enterprise grants

This section applies to grant made under —

section 10(5)(a) of the Údarás na Gaeltachta Act, 1979, being an employment grant under a scheme known as “Deontais Fhostaíochta ó Údarás na Gaeltachta do Thionscnaimh Sheirbhíse Idir-Náisiúnta” or under the scheme known as Deontais Fhostaíochta ó Údarás na Gaeltachta do Thionscail Bheaga Dhéantúsaiochta”, or
section 21(5)(a) (as amended by the Industrial Development (Amendment) Act, 1991) of the Industrial Development Act, 1986, being an employment grant under a scheme known as the “Scheme Governing the Making of Employment Grants to Small Industrial Undertakings.

Employment grants to which this section applies are disregarded for all the purposes of the Tax Acts.

Relevant Date: Finance Act 2021