Monday November 30, 2020

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
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...

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