Robert Dowds
Question:185. Deputy Robert Dowds asked the Minister for Finance the total cost to the State of corporation tax write-offs for all companies in the years 2009, 2010, 2011, 2012 and 2013. [45917/14]
View answerTuesday, 2 December 2014
Questions (185, 186, 187, 188)
Robert Dowds
Question:186. Deputy Robert Dowds asked the Minister for Finance the total cost to the State of corporation tax write-offs for companies in the pharmaceutical sector in the years 2009, 2010, 2011, 2012 and 2013. [45918/14]
View answerRobert Dowds
Question:187. Deputy Robert Dowds asked the Minister for Finance the total cost to the State of corporation tax write-offs for companies in the ICT sector in the years 2009, 2010, 2011, 2012 and 2013. [45919/14]
View answerRobert Dowds
Question:188. Deputy Robert Dowds asked the Minister for Finance the total cost to the State of corporation tax write-offs for companies in the financial sector in the years 2009, 2010, 2011, 2012 and 2013. [45920/14]
View answerOral answers (1 contributions)
I propose to take Questions Nos. 185 to 188, inclusive, together.
It is assumed the Deputy is referring to the cost to the Exchequer of the main tax reliefs available to companies. The following table shows the estimated cost, on a straight line arithmetic basis, of
- Section 766 Research and Development Credit;
- Section 486C 3 year Start up Relief;
- Section 291A Intangible Asset Relief;
- Section 285A accelerated capital allowances for energy efficient equipment;
|
Year |
Research and Development Credit |
Start up Relief |
Intangible Asset regime |
Energy efficient Capital Allowances |
|
- |
€m |
€m |
€m |
€m |
|
2009 |
216.1 |
n/a |
1.2 |
1.6 |
|
2010 |
223.7 |
4.6 |
20.3 |
0.6 |
|
2011 |
261.3 |
6.8 |
76.2 |
1.3 |
|
2012 |
281.9 |
5.5 |
108.0 |
1.0 |
An estimated cost for Section 486B Renewable Energy Relief is not included to protect the confidentiality of the information of the relatively small number of taxpayers using this relief.
The table does not show the cost of other Corporation Tax deductions such as normal capital allowances, losses, etc., as they would not generally be considered "write-offs", rather they are a standard part of the tax computation of most countries to calculate taxable income.
I am advised by the Revenue Commissioners that a sector specific breakdown of these reliefs is not readily available.