Business Expansion Scheme for Music
The Business Expansion Scheme for Music gives tax relief to investors in new and emerging commercial musical acts or groups. The Minister for Arts, Sport and Tourism decides whether a project should be certified as eligible for such relief. Certification requires that the act in question has not had sales in excess of 5,000 albums either as a solo artist or as a member of a band.
Guidelines have been agreed between the Minister for Arts, Sports and Tourism and the Minister for Finance and are intended to outline the criteria to be used in certifying suitable projects for the purposes of this tax relief.
Applicants are advised to familiarise themselves regarding the full requirements of the Business Expansion Scheme. Further details relating to the overall operation of the BES as provided for in the Taxes Consolidation Act 1997 are available on the Revenue website. The Revenue information note is attached.
You can download a copy of the Guidelines document in Irish or in English, by clicking on the relevant link below:
Download the BES Guidelines,
Terms and Conditions in PDF (73kb) : HTML
Íoslódáil Treoirlínte,
Téarmaí agus Coinníollacha don SLG i PDF (71kb)
: HTML
Download the Business Expansion Scheme (BES) in PDF (286kb)
You will need Adobe Acrobat Reader installed on your computer to view and
print these documents. This Reader is available free from the Adobe
website
For further information:
Tel: (+353 1) 631 3954
Fax the Unit: (+353 1) 6313957
Email the Unit: Musicunit@dast.gov.ie