Davy fund ‘frustrated’ by hold-ups on tax break programme

Criticism of Revenue for pace at which it is processing applications for the EIIS scheme

15th April, 2018

A fund operated on behalf of Davy Stockbrokers has told investors it is “increasingly frustrated” with delays to the state’s key tax incentive scheme for businesses.

In a letter to investors, seen by The Sunday Business Post, the operating company behind the fund criticised the pace at which the Revenue Commissioners are processing applications for the Employment Incentive and Investment Scheme (EIIS), the successor to the government’s popular Business Expansion Scheme...

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