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Start your own business scheme

Sambarumba · 2016-04-19 12:51:48

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

19-04-2016 01:51PM

#1

Sambarumba

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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

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Comments

#2 23-04-2016 01:47PM

dyanne

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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'!

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#3 10-06-2016 01:21AM

[Deleted User]
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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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