Tax Reliefs

Dáil Éireann Debate, Tuesday - 21 February 2012

Tuesday, 21 February 2012

Ceisteanna (131)

Michael McGrath

Ceist:

160 Deputy Michael McGrath asked the Minister for Finance the amount of research and development tax credits granted in each of the past four years; and if he will make a statement on the matter. [9342/12]

Freagraí scríofa

Minister for Finance (Deputy Michael Noonan)

I am informed by the Revenue Commissioners that the total amounts of research and development tax credits allowed from 2006 to 2009, the latest year available, are shown in the following table:

Year	Research and Development Tax Credit
	€m
2006	74.7
2007	165.6
2008	146.0
2009	216.1

The credits shown above are derived from the corporation tax returns for accounting periods ending in 2006 to 2009.