Information about businesses receiving state aid of more than €500,000 on or after 1 July 2016 can be found on a European Union (EU) website under EU transparency rules. The Finance Act 2016 permits the publication of certain information about businesses which are beneficiaries of state aid tax reliefs.
The following tax reliefs are state aids:
• zero-emission goods vehicle allowance
• enhanced capital allowances for enterprise zones
• film tax relief
• television tax reliefs
• theatre relief
• orchestra tax relief
• relief for SMEs on the cost of research and development • vaccine research relief
• reduced rate of climate change levy
• enterprise investment scheme and venture capital trusts
The information published includes the name of the business, its region and trade sector and the amount of state aid received in most cases, by reference to six broad bands, starting from €0.5 million, to €30 million or more. The information is published within 12 months of the date the aid is granted.
