Start-up refunds for new businesses

Startup Refunds for Entrepreneurs (SURE)

If you are interested in starting your own company, you may be entitled to an income tax refund of up to 40% of the capital that you invest under SURE. Depending on the size of your investment you may be entitled to a refund of income tax paid over the 6 years prior to year in which you invest.

The general conditions are that you must:

• Establish a new company carrying on a qualifying trading activity
• Have mainly PAYE income in the previous 4 years. This would include a person currently in PAYE type employment, an unemployed person, a person recently made redundant or a retired person;
• Take up full-time employment in the new company either as a Director or an Employee;
• Invest cash into the new company by way of purchase of new shares

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp