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Start-Up Relief for Entrepreneurs (SURE)

  • 22-10-2022 12:12PM
    #1
    garysharpe
    Registered Users, Registered Users 2 Posts: 37 ✭


    Hi All,

    I used SURE scheme 5 years ago as I wanted to set up my own Company and got refunded for the the taxes but the business didnt go well and had to go back to PAYE employment. Now after benefit from the scheme I plan to set up a new business but dont know if I can avail SURE again. I am looking into the Revenue web site and doesn't say anything. The Company I set it up 5 years ago is still operating but low activity. Can anyone help me on this?

    Many thanks for helping,



Comments

  • #2
    gudede
    Registered Users, Registered Users 2 Posts: 624 ✭✭✭gudede


    Have you meet the criteria? Two main points.

    • - paye employment for the last 4 years (assume no, since your company is trading).
    • - new limited company.




  • #3
    garysharpe
    Registered Users, Registered Users 2 Posts: 37 ✭garysharpe


    Hi gudede,

    I am sorry for late reply.

    Yes I have been in PAYE employment for the last 4 years. The reason for this my Company wasn't successful so I had to have employment somewhere else and I didn't take any funds of the Company just keeping the profits of the Company as reserves (I currently have over 40000 euros in Reserves)


    Yes I will set up a new limited Company and liquidate the old one.


    Many thanks for the help



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