Dan Neville
Question:103 Mr. Neville asked the Minister for Finance if he has evaluated the impact of the tax credit on incremental research; and if he will make a statement on the matter. [38839/05]
View answerTuesday, 13 December 2005
Questions (73)
Written answers
A 20% tax credit applies to companies that incur incremental expenditure on research and development. The credit was introduced in 2004 and it is too early for a detailed evaluation. The Revenue Commissioners have made specific provisions for collection of data on costs through company tax returns; thus information will be available on the costs of the credit in due course.