Revenue Incentives

The Office of the Revenue Commissioners provides a range of supports, reliefs and and incentives to assist start-up business and small and medium enterprises. Initiatives include tax incentives - tax reliefs, deductions and exemptions as well as supports and other initiatives.

Tax reliefs, deductions and exemptions that aims to contribute towards the creation and sustaining of jobs include:

The Start Your Own Business Relief

The employment investment initiative

The Research and Development Tax Credit

Revenue also have a range of other supports for small and medium businesses;

Exemption from the requirement to register for VAT (provided turnover does not exceed certain thresholds)

Use of the cash basis of accounting for VAT

Start-Up Relief for Entrepreneurs (SURE)

Revenue have also introduced a temporary energy support scheme to assist businesses with their electricity or natural gas (energy) costs during the winter months;

Temporary Business Energy Support Scheme (TBESS)