SURE is a tax relief programme that allows you to receive a refund of income tax you paid in previous years. If you are starting your own business and meet the following criteria, you may be eligible for tax relief:
An Employee person
An Unemployed person
A Person who has recently lost their job
The following are the general requirements for SURE:
Forming a new company that engages in a new qualifying trading activity
In the previous four years, your primary source of income was Pay As You Earn (PAYE).
Purchase new shares in the new company to put money into it.
Full-time employment as a director or employee in the new company
How much of a refund are you eligible for?
The amount of your refund is determined by your gross pay and the tax you paid over the previous four years. Individual circumstances, such as the amount of tax credits you are eligible for, can also influence the amount of SURE refund you receive.
We can assist you in calculating the amount of a refund you may be entitled to.
Contact us for a quote on our accountancy consultancy services if you require a specific calculation.
Please feel free to contact us.
Contact one of our Team members if you’re unsure about what you need to do to take advantage of SURE.
We are happy to assist you in selecting the services that are best suited to your needs. We provide a variety of services to ensure that your business is properly set up.
Contact us by phone at +353 1 442 8230 or by email at firstname.lastname@example.org.
Capital Gains Tax
Do you want better accounting Services
Book a 10 minute discovery call
Talk to our Expert accountant
Get the accounting service you deserve
Running a payroll in Ireland involves several steps to ensure compliance with Irish tax laws and regulations. In this blog post, I will provide a general overview of the process for running a payroll in Ireland, including the necessary registration,...
Understanding VAT in Ireland VAT is a consumption tax that is levied on goods and services at each stage of the supply chain. In Ireland, businesses are required to register for VAT when their taxable turnover exceeds or is likely to exceed a certain...
The Financial Backbone Accounting is often considered the financial backbone of any business, regardless of its size. For small businesses, however, the impact of sound financial management is even more pronounced. These enterprises often operate on...
What is Preliminary Tax? Preliminary tax is a prepayment of your income tax and is typically paid by individuals, sole traders, and companies. It serves as a contribution towards your expected income tax liability for the current tax year. By paying...
Choosing the right name for your new company in Ireland is an important step in the business formation process. A company name should reflect your business's identity, be easy to remember, and comply with legal and regulatory requirements. Here are some...
In the dynamic and competitive landscape of financial services, finding a company that can cater to your specific needs with expertise and unwavering commitment can be a challenging task. TAS Consulting Limited, a prominent player in the industry,...
VAT in Ireland: Registration: In Ireland, businesses that exceed or are likely to exceed an annual turnover of €37,500 (€75,000 for distance sellers) must register for VAT. Voluntary registration is also possible for businesses with lower turnover, which...