Revenue allows EIIS relief for €1.8m Dingle Distillery investors

Revenue initially refused to certify the 2017 funding round, saying the firm did not qualify for the SME scheme

21st March, 2021
Revenue allows EIIS relief for €1.8m Dingle Distillery investors
Elliot Hughes, co-founder and managing director of Dingle Distillery, says he is delighted investors finally have clarity

The Revenue Commissioners have dropped an objection to a tax-friendly investor scheme at Dingle Distillery, the company has said.

Around 50 investors availed of the government-backed Employment Investment Incentive Scheme (EIIS) run by the company in December 2017.

It raised €1.8 million in funding to expand its whiskey and gin production, in amounts ranging from €10,000 to €150,000 per investor.

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