As Regional Tourism Authority for the Shannon Region, Shannon Development strongly supports the introduction of Mid-Shannon Corridor Tourism Infrastructure Investment Scheme. The River Shannon is one of Ireland’s foremost assets in terms of water-based tourism and the Scheme will provide tax relief for balanced and sustainable tourism developments along its banks. The Company is confident therefore that the Scheme will further spread the economic benefits of tourism into the very heart of Ireland.

For more information on Mid-Shannon Tourism Investment Scheme please visit their dedicated website at www.shannondev.ie.

 

***New - Extension to Deadline***

Section 7 of the Finance Bill 2009 provides for an extension to the deadline for submission of projects for approval in principle from 31 May 2009 to 31 May 2010.  Under the Scheme, the current period within which expenditure must be incurred for capital allowances purposes is the three-year period commencing on 1 June 2008 and ending on 31 May 2011.  To cater for any projects that may avail of the new date for the submission of application for approval in principle, this period is also being extended and will now end on 31 May 2013.