Seed Capital Scheme
01/02/1996
Query
Would a period spent on a contract basis during which witholding tax was deducted and the same conditions as other workers applied, satisfy the requirements in relation to PAYE type employment .
Decision
Yes
Income Tax
Section 494, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6348/95
17/01/1997
Query
Would an individual working 37 hours with the seed capital company and 37 hours with another company satisfy the requirement that full time employment must be taken up in the seed capital company.
Decision
No
Income Tax
Section 489, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6308/96
17/02/1997
Query
Would PAYE type employment in the U.S. satisfy the PAYE type employment requirement to qualify for the scheme.
Decision
Yes
Income Tax
Section 494, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6346/96
07/04/1997
Query
Would a 9 month period at a course abroad, during which the individual was not employed, disqualify the individual from seed capital relief. The period abroad was within the three year period during which the individual was required to be in PAYE type employment.
Decision
No
Income Tax
Section 494, Taxes Consolidation Act, 1997
Origin: Direct Taxes International and Administration
File ref:6538/96