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Written Answers - Tax Code

Thursday, 19 January 2012

Dáil Éireann Debate
Vol. 752 No. 2

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 61.  Deputy Terence Flanagan Information on Terence Flanagan Zoom on Terence Flanagan  asked the Minister for Finance Information on Michael Noonan Zoom on Michael Noonan  the position regarding grants to employers (details supplied); and if he will make a statement on the matter. [2993/12]

Minister for Finance (Deputy Michael Noonan): Information on Michael Noonan Zoom on Michael Noonan Sections 472A and 88A of the Taxes Consolidation Act 1997 provide tax incentives for both employers and employees, to help the long-term unemployed to return to employment. The relief under Section 472A, known as the Revenue Job Assist scheme, allows qualifying employees, in addition to their normal tax credits, to claim certain income deductions, including additional deductions for qualifying children, for the three year period after taking up employment. Section 88A provides an associated tax incentive for employers. Employers may claim a double deduction in computing the profits of the trade or profession in respect of the first 3 years’ wages paid to qualifying employees. This double deduction may also be claimed in respect of the employers’ PRSI contribution on such wages.

Both incentives apply in respect of individuals who have been unemployed for at least 12 months and are in receipt of a specified social protection payment or, who are in a category approved for the purposes of the scheme by the Minister for Social Protection with the consent of the Minister for Finance. I intend to bring forward an amendment in Finance Bill 2012 so that individuals signing on solely for credits with the Department of Social Protection can also qualify for the relief. This change is being operated on an administrative basis by the Revenue Commissioners currently. Application forms for this scheme are available at http://www.revenue.ie/en/tax/it/leaflets/it59.html. The Deputy may also wish to enquire of the Department of Jobs, Enterprise and Innovation as to whether there are grants available to employers through the various agencies under its aegis.


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