Dáil Éireann Debate, Thursday - 11 July 2019
180. Deputy Michael McGrath asked the Minister for Finance the annual cost of the employment and investment incentive scheme for each year since it started including 2018; the number of companies that availed of the scheme in each of the years by multinational companies and SME companies; and if he will make a statement on the matter. [30807/19]
View answerI am advised by Revenue that a report on the Employment and Investment Incentive (EII) can be found at https://www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/eii-stats.pdf. The report contains statistics on the number of companies availing of the scheme and the cost to the Exchequer up to 2017, the latest year for which data are currently available.
The following table sets out the Exchequer costs and the companies availing of the incentive:
|
Year |
1st Tranche Exchequer Cost €m |
2nd Tranche Exchequer Cost €m |
No. of Companies |
|
2017 |
18.6 |
N/A |
87 |
|
2016 |
31 |
N/A |
203 |
|
2015 |
28 |
N/A |
270 |
|
2014 |
23.3 |
2 |
297 |
|
2013 |
17.3 |
2.9 |
248 |
|
2011/2012 |
15.7 |
3.2 |
255 |
The EII scheme applies to unquoted micro, small and medium sized trading companies only. Therefore, the question of data in respect of multinational companies under the scheme does not arise.
