Dáil Éireann Debate, Thursday - 28 January 2016
104. Deputy Michael McGrath asked the Minister for Finance the tax expenditure associated with research and development tax credits in each of the years 2011 to 2015 in tabular form; and if he will make a statement on the matter. [3717/16]
View answerI assume that the Question relates to the annual Exchequer cost of the Research and Development (R&D) tax credit.
I am informed by the Revenue Commissioners that the information is as follows:
|
Year |
Exchequer Cost |
|
2011 |
€261m |
|
2012 |
€282m |
|
2013 |
€421m |
Published statistics in respect of the R&D tax credit are available on the Revenue Statistics webpage at http://www.revenue.ie/en/about/statistics/costs-expenditures.html .
The tax cost for 2014 has not yet been finalised as returns are currently being processed. Figures for 2015 or forecasts for later years are not yet available.
