The Home Renovation Incentive (HRI) Scheme was introduced to stimulate home improvement works. The scheme offers financial incentives to homeowners for home renovations and has proved popular since its launch. It runs from 25 October 2013 to 31 December 2015. Qualifying expenditure is at the rate of 13.5% in the form of a tax credit. To participate in the scheme the homeowner must be:
- Fully up to date with their obligations regarding local property tax and household charges.
- Must be able to show payment of income tax, whether PAYE or Self Assessed.
- Must be able to show that the works in question are being carried out on the individuals primary residence.
- The works must cost a minimum of €4,405 (before VAT)
For contractors to participate in the scheme they must be:
- Fully RCT & VAT registered
- Fully Tax Compliant and have a tax clearance certificate.
- Registered with Revenues Online Service
The benefits for a business of being fully eligible for the scheme are that it opens up new revenue streams for eligible customers. Non eligible companies will be at a competitive disadvantage in the marketplace as they will likely miss out to a registered contractor if the client is faced with a like for like decision (client saves 13.5% on a same value quote). Don’t miss out on new business by not having your tax affairs in order.
Contact Avid Partners today to get your tax situation up to date and get registered for this customer friendly scheme. If you don’t you will miss out on business opportunities that will be going to a competitor! Email: advice@avidpartners.ie for further details or call us on 01 4286900.
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"A breath of fresh air. Your firm demonstrated enormous commercial understanding in turning around negotiations with a potential target vendor. I admire your style and ability to drive the deal forward. Many thanks." -
"I would like to say I'm very happy with your service, especially the audit team, your staff are always friendly, helpful and a pleasure to deal with." -
"Your business approach to clients is very impressive. I have always found that when explaining the types of service on offer, it is always concise and straight forward. The level of trust that clients place in your company and its staff speaks volumes." -
"I would like to take this opportunity to say how much we are impressed with your company's professionalism, it has been a pleasure working with you all and we look forward to working with you in the future." -
"Avid Partners - Accountants & Business Advisors are an excellent firm of accountants, their quality ethos is outstanding." -
"I have dealt with Jamie O' Hanlon, of Avid Partners - Accountants & Business Advisors Chartered Certified Accountants, for a number of years as he is auditor to one of my clients. I have always found him to be professional and responsive in his approach." -
"Service is second to none; there is always someone at the end of the phone for any business advice. The staff are very easy to get along with, very approachable and know exactly what they are talking about" -
Having got to know the company through the BNI we decided it was time to change accountant. What impressed me about Avid Partners was their professionalism. Their attention to detail was second to none and as an added bonus they are a sounding board to all of my questions. Avid also potted some irregularities in my accounts from the previous few years and saved me substantial money on the years tax bill. Avid Partners deliver a first class service which is everything you could want from an accountant and I am happy to give this endorsement. -
We at Fitzies Bar have worked with Avid Partners - Business & Financial Advisers for over five years. We find that the advice and support offered to us in addition to all of our book-keeping requirements to include payroll, VAT, etc. is invaluable and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners. -
Jamie and his staff are a pleasure to work with. They respond promptly to any queries we have and are critical to our financial planning and the future needs of our business. I would highly recommend them to anyone interested in accounting services. -
We at Stillorgan Cycles have used Jamie and his Team at Avid Partners – Accountants and Business Advisers for over five years. We have found that the retail advice and support offered to us is second to none and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners. -
I met Avid Partners through a local business networking group. We had been using the same accountants for years and found that in these harsh economic times that we were not getting good enough value or service. We were very impressed by the company's professionalism and enthusiasm and genuine interest in helping us get the most out of our business. As a result we are now clients of Avid Partners and are thrilled with our decision.
