This is a tax incentive for those with PAYE income to start up a new business and become a director and/or employee of the new business.
The business must be established through a company.
The refund available will depend on the amount of capital you invest in the new start-up company.
The refund will be of PAYE income tax previously paid.
There is no refund of PRSI or USC previously paid.
The refund available is up to 41% of the capital you invest in the new company.