Relief for investment in innovative enterprise
Obligations of the company
If a company which holds Certificates of Qualification ceases to meet the requirements of the scheme, it must:
- return its Certificates of Qualification to Revenue
- and
- not provide copies of its Certificates of Qualification to any investor.
When a company returns its certificates, Revenue will withdraw them. The certificates cease to be valid from the date of withdrawal. Revenue will update the register accordingly.
Changes that may affect whether or not the company satisfies the scheme requirements must be reported to Revenue within 30 days.
Failure to comply with these requirements may result in a claw-back from the company of the potential relief. The company may be liable to a penalty.
Next: Filing requirements