Michael McGrath
Question:120. Deputy Michael McGrath asked the Minister for Finance the amount of research and development tax credits granted in 2011 and to date in 2012; and if he will make a statement on the matter. [55100/13]
View answerThursday, 19 December 2013
Questions (120)
Written answers
I would like to remind the Deputy that my Department carried out an extensive review of the R&D tax credit in 2013, which culminated in a detailed report being published on Budget Day. This report is available on my Department’s website at http://taxpolicy.gov.ie/reports/ and contains some of the detailed analysis carried out in respect of the claims for the R&D Tax Credit in 2011, the latest year available. In 2011, the tax credit supported 1,409 claimants with a total cost to the Exchequer of €261.3 million. I am informed by the Revenue Commissioners that the corresponding data cannot yet be provided for 2012 as the tax returns for that year are still being processed.