Three Year Tax Exemption for Start up Companies
Start-up Companies who commenced trading on or after 1 January 2009 and whose tax liability for each year does not exceed €40,000 are exempt from tax (including capital gains tax) in each of the first three years of trading.
Now we are getting somewhere. If this would work for people setting up their own company in Ireland and then sub contracting to a recruitment agency, not necessarily in Ireland, then it might work for anyone?
Looks like enquiries to an Irish tax expert are in order!
My only concern is that Mr Brown and his cronies at HMRC will find some way to screw us!!