Dingle Distillery investors rue Revenue decision on tax relief

The tax authority has ruled that the EIIS scheme run by the company is not eligible for relief

22nd November, 2020
Dingle Distillery investors rue Revenue decision on tax relief
Elliot Hughes, managing director of Dingle Distillery: ‘It‘s extremely frustrating for us.’ Photography: Sasko Lazarov/Photocall Ireland

A group of investors in Dingle Distillery have been left waiting several years for returns after the Revenue Commissioners took the view that the tax-friendly scheme through which they put in funds was not eligible for relief.

In December 2017, around 50 investors availed of the Employment Investment Incentive Scheme (EIIS) run by the company, an artisan distiller of whiskey, gin and vodka.

However, the Revenue refused to certify the investments, taking the view that Dingle Whiskey...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Making It Work: GoCreate targets good results with remote exams platform

SMEs Elaine O'Regan 16 hours ago

Analysis: Central banking’s brave new world

Comment: Putting brakes on stock trading would make GameStop-type events worse