| Scheme Title | Micro Invest |
| Version | 1.1 |
|
Published on Updated |
18th March 2024 26th March 2024 |
|
Overview |
The scheme encourages undertakings (including Start-ups, family businesses and self-employed) to invest in their business, so as to innovate, expand and develop their operations. Undertakings benefitting from this measure will be supported through a tax credit calculated as a percentage of eligible expenditure, which also covers increased in wage costs. |
| Eligibility |
Applications shall be accepted from undertakings which at point of application satisfy all of the following criteria:
Undertakings engaged in activities specifically excluded under the de minimis Regulation (vide Section 6) are not eligible for this incentive. Undertakings who have applied for investment aid measures (such as the Investment Aid Tax Credits 2014 – 2020 and Invest) may not apply for this incentive and for any investment carried out within the same year. |
| Type of Aid |
Tax Credits |
| Eligible Costs |
|
| Application Submission |
Application forms must be submitted through the client portal |
Submission Deadlines
|
Claims for costs incurred in |
Primary Deadline (self Employed submitting tax return in June): |
Primary Deadline (Companies submitting tax return in September): |
Late Submissions |
Eligible Application will receive an Incentive Entitlement Certificate commencing from year of assessment |
|
2023 |
10th April 2024 |
29th May 2024 |
|
2024 |
|
|
|
|
27th November 2024 |
2025 |
|
2024 |
26th March 2025 |
28th May 2025 |
|
2025 |
|
|
|
|
26th November 2025 |
2026 |