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Start your own business scheme

  • 19-04-2016 12:51pm
    #1
    Sambarumba
    Registered Users, Registered Users 2 Posts: 1 ✭


    Does anyone know if i can claim back my business related expenses if I am on start your own business scheme (excluded from paying tax for two years). Searched all over the forums but couldn't find anything. Thanks in advance


Comments

  • #2
    dyanne
    Registered Users, Registered Users 2 Posts: 47 ✭dyanne


    You can only 'claim back' taxes that you've actually paid, so, if you haven't actually paid anything to Revenue, then that would be a 'no'!


  • #3
    [Deleted User]
    Posts: 14,344 ✭✭✭✭ [Deleted User]


    I know this thread is a tad old by now, but just incase anyone sees it, I presume the start your own business scheme is the Back to Work Enterprise Allowance scheme, and in that scheme you absolutely do have to pay tax for the two years.

    You are entitled to a percentage of your Welfare payments (tax free, as welfare is taxed at source) during the two years, but you do have to pay tax on any earnings from your business.


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