Irish Revenue has issued eBrief No. 28/21 concerning updated guidance on the tax relief for new start-up companies to include companies incorporated in the UK. The relief is granted for qualifying start-up companies in their first three years of trading by reducing the corporation tax payable on the profits of the new trade and gains on the disposal of any assets used for the purposes of the new trade.
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Revenue eBrief No. 028/21 Tax relief for new companies, UK companies
As a result of…