TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

State Aid Approval for Enterprise Investment Scheme

The European Commission has now approved for State Aid purposes the increase in the Enterprise Investment Scheme (EIS) Income Tax relief rate to 30% in respect of investments made in EIS qualifying companies on or after 6 April 2011.

It has also approved the individual investment limit increase from £500,000 to £1 million for investments made on or after 6 April 2012. Both changes were announced in Budget 2011 and the rate increase was included in Finance Act 2011. The increase in the individual investment limit is to be included in Finance Bill 2012.