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What is de minimis aid?

What is de minimis aid?

The Regulation covers small amounts of aid (“de minimis” aid) within a predetermined threshold which do not count as State aid in the sense of Article 107(1) and are therefore exempt from the notification requirements of the competition rules.

What is de minimis aid Ireland?

De Minimis Aid is small amounts of State Aid given to an enterprise which cannot exceed €200,000 over any three fiscal years to any company irrespective of size or location. De Minimis Aid can be in the form of grant or equity. Sources of De Minimis Aid from Enterprise Ireland include: Innovation Vouchers.

What is included in de minimis state aid?

The definition of de minimis state aid is very broad and can include state grants, subsidies and other government funded financial incentives. However, any paperwork you receive for such payments will state clearly that it is de minimis state aid and therefore must be counted for these purposes. Basic payment scheme.

Who is eligible for de minimis aid?

The European Commission considers that public funding to a single recipient of up to €200,000 over a three-year fiscal period has a negligible impact on trade and competition, and does not require notification. This aid can be given for most purposes, including operating aid, and is not project-related.

Who gets de minimis state aid?

As small amounts of aid are unlikely to distort competition, a useful approved EU mechanism for State aid is the industrial de minimis regulation which allows small amounts of aid, that is, less than €200,000 over three consecutive fiscal years, to a single undertaking for a wide range of purposes.

What is de minimis rules?

DE MINIMIS RULE BASICS The de minimis rule states that if a discount is less than 0.25% of the face value for each full year from the date of purchase to maturity, then it is too small (that is, de minimis) to be considered a market discount for tax purposes.

Are local authorities subject to state aid?

Although the local authority will not itself be liable to pay the amount which might be assessed as state aid, not having given proper consideration to whether something is state aid may leave the local authority open to legal action on the part of the aid recipient, particularly in relation to whether the local …

What is the de minimis exemption?

Section 2: Summary. The de minimis exemption allows covered facilities to disregard certain minimal concentrations of non-PBT chemicals in mixtures or trade name products.

Do state aid rules apply?

The rules can apply to funding given to charities, public authorities and other non-profit making bodies where they are involved in commercial activities. In principle, state aid is not allowed in the EU. The state aid rules allow for good aid, which is necessary to deliver growth and other important objectives.

Where does the de minimis aid come from?

De Minimis. De Minimis Aid is small amounts of State Aid given to an enterprise which cannot exceed €200,000 over any three fiscal years to any company irrespective of size or location. De Minimis Aid can come from any State body, agency or department.

What’s the maximum amount of de minimis aid you can get?

The maximum amount of de minimis aid any single recipient can receive is €200,000 (gross grant equivalent) over a three-year fiscal period. The total amount of de minimis aid given to a single recipient performing road freight transport for hire or reward cannot exceed €100,000 over a three-year fiscal period.

How to apply for de minimis aid status?

Confirmation from authorised officers 4 of the applicant enterprise that consent has been provided by eligible employees that their respective employment information and relevant personal data will be provided to Enterprise Ireland for the purposes of processing the application. Declaration of De Minimis Aid status.

What are the requirements for de minimis cover?

If you are going to use the de minimis regulation for State aid cover, you must be able to justify your decision, and you must understand the requirements of the regulation and be sure that you can meet them. The de minimis regulation requires that public authorities keep records of all de minimis aid paid out for 10 years from the last payment.