Seán Barrett
Question:117 Mr. Barrett asked the Minister for Finance the reason companies who spend money on medical research in Ireland annually are not given concessions regarding VAT on equipment and supplies for their research work.
Written Answers - Medical Research.
In the case of VAT registered companies undertaking medical research in the course of furtherance of their business here, the VAT borne on the relevant equipment and supplies is fully deductible as a business input in accordance with section 12 of the VAT Acts, 1972-1993. As regards the situation in relation to VAT on research equipment generally, I would refer the Deputy to my reply to a Parliamentary Question from Deputy Richard Bruton on 3 March last in the matter (Vol. 439, No. 7, columns 1552-55 of the Official Report, Dáil Éireann refers).