Dáil Éireann Debate, Friday - 7 September 2018
103. Deputy Jonathan O'Brien asked the Minister for Finance the percentage of the total cost of the research and development tax credit which relates to expenditure incurred by businesses on items (details supplied). [35683/18]
View answerI am advised by Revenue that statistical information in respect of research and development tax credit is published on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/r-and-d-tax-credits.aspx.. It is not possible to provide a breakdown of the cost of the credit by business items as the amounts claimed in respect of plant and machinery, scientific research, buildings and other expenditure are aggregated before being offset against tax in the year or being carried forward to a later year as unused credit.
Additionally, information in respect of royalties and expenses deductible for trading purposes are not available in respect of claims of research and development tax credit.
