I propose to take Questions Nos. 205 to 298, inclusive, together.
Businesses may claim capital allowances on capital expenditure it incurs on certain types of business assets and business premises. Capital allowances allow the wear and tear of plant and machinery be taken into account as a deduction for tax purposes. In general, such capital allowances are claimed at a rate of 12.5% annually, over eight years.
I am advised by Revenue that data centres are not separately identifiable on Revenue records. Nor is information captured on the nature of the claims for capital allowances by data centres in a manner that would enable the Deputy’s questions on specific activities to be answered.
Revenue’s annual paper on Corporation Tax Payments and Returns provides information in respect of capital allowances claimed by the wider Information and Communication sector. Figure 6 of this paper provides a sectoral breakdown of capital allowances claimed on 2019 corporation tax returns. which may be of interest to the Deputy.
The paper is available on the Revenue website at: www.revenue.ie/en/corporate/documents/research/ct-analysis-2021.pdf.
Question No. 206 answered with Question No. 205.
Question No. 207 answered with Question No. 205.
Question No. 208 answered with Question No. 205.