I am advised by Revenue that information in respect of the amount of Research and Development (R&D) tax credit is available at www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf for all years up to 2015. From analysis to date on tax returns for 2016, the tax cost of this credit is currently estimated at €674 million. An estimate of the cost for 2017 is not yet available.
The following table shows the number of credits issued by way of a reduction in Corporation Tax payable or by way of refundable credit for the years 2013 to 2016 by range of credit availed of. Due to Revenue’s obligation to protect taxpayer confidentiality, and the low number of companies with claims in excess of €5 million, all ranges in excess of this amount have been amalgamated.
|
Range of R&D Credit Availed Of by way of reduction in tax or refundable credit
|
2013
|
2014
|
2015
|
2016 (Provisional)
|
|
1 - 50,000
|
900
|
883
|
846
|
797
|
|
50,001 - 100,000
|
251
|
261
|
250
|
255
|
|
100,001 - 250,000
|
231
|
230
|
238
|
244
|
|
250,001 - 500,000
|
89
|
98
|
86
|
78
|
|
500,001 - 1,000,000
|
43
|
41
|
57
|
50
|
|
1,000,001 - 5,000,000
|
50
|
44
|
45
|
49
|
|
Over 5,000,000
|
13
|
13
|
13
|
13
|
|
All
|
1,576
|
1,570
|
1,535
|
1,486
|
