Tax Data

Dáil Éireann Debate, Thursday - 14 December 2017

Thursday, 14 December 2017

Questions (88)

Michael McGrath

Question:

88. Deputy Michael McGrath asked the Minister for Finance the annual cost of the research and development tax credit in each year since 2012, including 2017; the number of multinationals claiming the credit in each of these years; the taxable profits of the multinationals that claimed the research and development credit in each of these years; the number of SMEs claiming the credit in each of these years; the taxable profits of the SMEs that claimed the research and development credit in each of these years; and if he will make a statement on the matter. [53747/17]

Written answers

Minister for Finance

I am advised by the Revenue Commissioners that information in respect of the annual cost of the Research and Development (R&D) credit and the number of companies availing of the scheme is as follows:

Year	2015	2014	2013	2012
€m	707.9	553.3	421.4	281.9
No. of Companies	1,535	1,570	1,576	1,543

This information is available at www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf for all years up to 2015. Information in respect of 2016 is not yet available as the bulk of the returns have only recently been filed and will be analysed in the coming months.

The available data in respect of foreign owned multinational companies and SMEs (defined as companies with less than 250 employees) claiming the R&D credit in respect of taxable profits, and number of claimants, is as shown in the following table:

Foreign Owned Multinational Claimants of Research & Development Credit

Year	Number	Taxable Profits €m
2012	123	15,000
2013	116	11,723
2014	244	14,199
2015	244	19,516

SME (with less than 250 employees) Claimants Research & Development Credit

Year	Number	Taxable Profits €m
2012	1,360	879
2013	1,460	3,489
2014	1,431	1,967
2015	1,392	2,455