Dáil Éireann Debate, Thursday - 9 September 2021
205. Deputy Pearse Doherty asked the Minister for Finance the total value of qualifying expenditure against which capital allowances, including wear and tear allowances, were claimed with respect to data centres in each of the years 2015 to 2020, in tabular form. [42672/21]
View answer206. Deputy Pearse Doherty asked the Minister for Finance the number of data centres for which capital allowances were claimed for each of the years 2015 to 2020. [42673/21]
View answer207. Deputy Pearse Doherty asked the Minister for Finance the total tax revenue foregone in each of the years 2015 to 2020 with respect to capital allowances, including wear and tear allowances, claimed with respect to data centres, in tabular form. [42674/21]
View answer208. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue that would be saved in 2022, 2023, 2024 and 2025, respectively, if expenditure incurred with respect to data centres was no longer qualifying expenditure for the purposes of capital allowances. [42675/21]
View answerI 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.
