The Department of Finance is conducting a review to assess the effectiveness and efficiency of the Employment and Investment Incentive (EII) and Start-Up Refunds for Entrepreneurs (SURE) scheme incentives to inform government policy in this area. In its response to the public consultation, the CCAB-I has called for the introduction of a tax relief for founding shareholders and their families along with additional tax relief for investors for losses and gains arising from their high risk investments.

The CCAB-I noted in its response to the review that State Aid rules at EU level have adversely impacted access to investment under the EII scheme over the last number of years, Alternative forms of tax relief – for example we suggest a tax credit by reference to the return on funds invested – should now be considered.

You can read the response on here.