Paschal Donohoe, the finance minister, plans to introduce an income cap of €1 million on the scheme SAM BOAL/ROLLINGNEWS.IEChanges to a scheme that gives tax relief to highly paid workers who have relocated to Ireland from abroad could result in the country losing out on Brexit investments, a tax partner at PWC has warned. Pat Mahon said that the proposed reform of the Special Assignee Relief Programme (SARP) would send the wrong message to English companies looking for a base in the European Union as the UK prepares for Brexit. Introduced as part of the 2012 budget, the SARP allows skilled staff to claim a certain amount of tax relief. Individuals must earn at least €75,000, be employed abroad and then move to Ireland to qualify for the scheme. These individuals then receive 30 per cent tax relief on anything they earn over…

Source: The Times November 12, 2018 00:00 UTC