Thursday, 11 July 2019
Department of Finance
Tax Reliefs Costs
176. To ask the Minister for Finance the annual cost of the entrepreneurial relief for each year since its establishment, including 2018; the number of companies that availed of the scheme in each of the years by multinational companies and SME companies; and if he will make a statement on the matter. [30803/19]
It is assumed the Deputy is referring to Capital Gains Tax (CGT) Entrepreneurial Relief as provided for in section 597AA of the Taxes Consolidation Act 1997. This provision was introduced in the Finance Act 2015 and provides relief from Capital Gains Tax for individuals disposing of business investments in certain circumstances.
Statistics on the numbers availing of the Relief, and the cost to the Exchequer, are available at . The most recent year for which data are presently available is 2017.
For the Deputy's convenience, the information available is presented in the following table.
|Year||Cost € million||Number Availed|
Information is not available in respect of multinational and SME companies as the relief applies to individuals only.
177. To ask the Minister for Finance the annual cost of the special assignee relief programme for the past five years including 2018; the number of companies that availed of the scheme in each of the years by multinational companies and SME companies; and if he will make a statement on the matter. [30804/19]
The following table sets out the Exchequer cost of the Special Assignee Relief Programme (SARP) for each of the years 2012 to 2016.
|2012||2013||2014 ||2015 ||2016|
|€0.1 million||€1.9 million||€5.9 million ||€9.5 million||€18.1 million|
Currently, 2016 is the most recent year for which data are available.
For individuals to qualify for SARP, they must be employees of a multinational company so that the question of data in respect of SME companies does not arise.
I am informed by Revenue that further statistics on the SARP for 2012 to 2016 can be found at .