Dáil Éireann Debate, Thursday - 23 February 2017
130. Deputy Michael McGrath asked the Minister for Finance the tax expenditure associated with research and development tax credits in each of the years 2012 to 2016 in tabular form; and if he will make a statement on the matter. [9328/17]
View answerI am informed by the Revenue Commissioners that the information in respect of the Exchequer cost of the Research and Development (R&D) tax credit for the years 2012 to 2014 is as follows:
|
Year |
R&D Tax Credit €'m |
Number of Claims |
|
2012 |
281.9 |
1,543 |
|
2013 |
421.4 |
1,576 |
|
2014 |
553.3 |
1,570 |
The tax cost for 2015 has not yet been finalised as returns are currently being analysed, but provisional data indicate a cost of approximately €640m. This estimate will be updated at a later date. Figures for 2016 are not yet available as returns for that tax year are not due until later this year.
