Written answers

Tuesday, 14 November 2017

Department of Finance

Employment Investment Incentive Scheme

Photo of Tony McLoughlinTony McLoughlin (Sligo-Leitrim, Fine Gael)
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109. To ask the Minister for Finance if a company (details supplied) will qualify for the employment and investment incentive; and if he will make a statement on the matter. [47659/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am informed by Revenue that due to an increase in both the volume of the correspondence received and complexity of the issues involved in relation to applications for relief under the Employment and Investment Incentive (EII), there has been an unavoidable increase in the time taken to respond to that correspondence. Procedures have been put in place to reduce these backlogs and additional organisational resources have been assigned to process the backlog.

The company referred to by the Deputy applied for EII in the middle of August 2017. Applications received at the start of August are now being processed.

Comments

Liz Fulham
Posted on 11 Jan 2018 10:19 pm (Report this comment)

The backlog in EIIs is impacting the ability of SME companies to raise funds & grow their companies both domestically and internationally. My company is part of the backlog. If we knew approval was coming this would help raise more funds to hire more staff. Over 90% of our sales are international and we are looking to break into the US. Any help to clear the backlog would be appreciated

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