Dáil Éireann Debate, Thursday - 15 May 2014
71. Deputy Michael McGrath asked the Minister for Finance if he will provide in tabular form the annual tax expenditure associated with research and development tax credits in each year from 2010 to 2013; and if he will make a statement on the matter. [22050/14]
View answerI am informed by the Revenue Commissioners that the annual tax expenditure associated with research and development tax credits in each year from 2010 to 2012, the latest year available, is as set out in the following table.
|
Year |
R&D Credit Cost |
|
€m |
|
|
2010 |
224 |
|
2011 |
261 |
|
2012 |
282 |
Data for the tax year 2013 are not yet available as the bulk of tax returns for 2013 are not due until later this year. The Deputy may wish to note that the R&D Tax Credit was comprehensively reviewed in 2013, and the results can be viewed on the Department of Finance website.
