The facts of the Home Renovation Incentive scheme

The Home Renovation Incentive scheme or HRI was introduced by the Government in October 2013 as a way of stimulating activity in the construction sector. 

And despite being in place for over a year, there still seems to be a lot of mystery about the HRI. Simply put, if you’re planning a project on your garden, then the HRI provides an opportunity to retrieve the Vat paid to a contractor, which at the upper level could save you €4,050 on a project which costs €30,000. These kinds of figures are not to be sniffed at — provided you follow the rules.

Vat and how it is returned