Written answers
Wednesday, 29 November 2017
Department of Finance
Employment Investment Incentive Scheme
Niall Collins (Limerick County, Fianna Fail)
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114. To ask the Minister for Finance the cost of adapting the employment and investment incentive (details supplied), in tabular form. [50947/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am informed by Revenue that based on 2016 data, the latest year for which data are available, the estimated cost to the Exchequer from increasing the current allowable tax relief cap of €150,000 available to an individual investor under the EII scheme in the manner described by the Deputy is set out in the following table.
| EII Relief Cap | Cost € Million |
|---|---|
| €200,000 | 0.9 |
| €300,000 | 2.2 |
| €400,000 | 2.9 |
| €500,000 | 3.4 |
| €600,000 | 3.8 |
| €700,000 | 4.2 |
| €800,000 | 4.5 |
| €900,000 | 4.8 |
| €1M | 5.0 |
| €1.1M | 5.2 |
| €1.2M | 5.3 |
| €1.3M | 5.4 |
It may also be of interest to the Deputy that a report on the Employment and Investment Incentive (EII) scheme is available on the Revenue website at: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/eii.aspx.
This report provides EII statistics regarding qualifying companies, investors, investment amounts and also Exchequer costs. The report covers the years from 2012, the year in which the scheme was first introduced, to 2016, the latest year for which data is available.
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