Oireachtas Joint and Select Committees

Tuesday, 17 February 2015

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2015
Vote 32 - Jobs, Enterprise and Innovation (Revised)

1:35 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

Few people know of the existence of the seed capital scheme as only 63 claimed it. This scheme allows a PAYE worker who establishes a business to get a refund of the tax paid in the previous six years to offset against some of the investment being made. The 63 claimants are a drop in the ocean of the 12,000 businesses which have been established. The scheme should be more widely available.

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