Written answers

Thursday, 28 June 2018

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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108. To ask the Minister for Finance the estimated annual cost of expanding the SURE scheme to include persons that were previously self-employed before establishing a new company; and if he will make a statement on the matter. [28615/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy will be aware, Start Up Refunds for Entrepreneurs (SURE) provides a refund of tax paid in the previous six tax years to those previously in PAYE employment, or recently unemployed, where they invest funds into a new company set up by them. I am advised by Revenue that there is no statistical basis on which to estimate the cost of broadening the SURE scheme to self-employed taxpayers as it is not possible to quantify the potential uptake as a result of this change, or the amount of income tax paid by these taxpayers in the previous four years.

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