Dáil Éireann Debate, Tuesday - 21 February 2017
156. Deputy Pearse Doherty asked the Minister for Finance the total amount claimed, number of claimants and associated job creation in 2015 and 2016 with regard to tax relief through the employment investment incentive in nursing homes in tabular form. [8336/17]
View answer157. Deputy Pearse Doherty asked the Minister for Finance the total amount claimed, number of claimants and associated job creation in each of the years 2012 to 2015, inclusive, regarding tax relief through the employment investment incentive in tabular form. [8337/17]
View answerI propose to take Questions Nos. 156 and 157 together.
From October 2015, the operation of nursing homes became eligible to qualify for the Employment Investment Incentive (EII) scheme. I am informed by the Revenue Commissioners that there are currently no such companies in receipt of EII investment for the years 2015 or 2016 based on using NACE code sector identifiers on Revenue records. While the accuracy of the NACE codes on tax records is sufficient to underpin broad sector-based analysis there may be some inaccuracies at an individual level. This should be borne in mind when considering the information provided.
Regarding Question 8337/17, I am advised by Revenue that the following table sets out the Annual cost to the Exchequer and the number of investors for the years 2012 to 2015:
|
Year |
Tax Cost €M |
Investors |
|
2012 |
4 |
352 |
|
2013 |
12.7 |
1,028 |
|
2014 |
18.8 |
1,395 |
|
2015 |
22.2 |
1,530 |
Due to the manner in which the EII Scheme operates, it is not possible to provide the number of created employments in tabular form as requested, as the terms of EII involve employments being created over a four year period. Returns outlining the employment created over a four year period have only been made to Revenue in respect of the companies who availed of EII relief in 2012. In respect of those companies, it is estimated that approximately 230 employments have been created.
