Dáil Éireann Debate, Tuesday - 28 February 2017
252. Deputy Michael McGrath asked the Minister for Finance to set out the number of audits of research and development tax credit claims carried out in each year from 2012 to 2016; the number of audits which resulted in a reclaim of credits; and if he will make a statement on the matter. [10378/17]
Amharc ar fhreagraI am advised by Revenue that the number of compliance interventions (including audits) carried out in relation to Research and Development tax credit claims in each of the years 2012 to 2016, and the number which resulted in a reclaim of credits, is as follows:
|
Year |
Number of Interventions |
Total yield €'000 |
Number Resulting in a Reclaim |
|
2012 |
49 |
€5,413 |
25 |
|
2013 |
105 |
€14,483 |
46 |
|
2014 |
162 |
€10,106 |
75 |
|
2015 |
178 |
€13,542 |
81 |
|
2016 |
276 |
€13,714 |
100 |
|
Total |
770 |
€57,258 |
327 |
Revenue continues to monitor repayment claims in what is a highly complex and technical area and in appropriate instances, undertakes a compliance intervention such as an Aspect Query, Profile Interview or Audit.
The Comptroller & Auditor General provided a detailed overview of the administration of Research and Development tax credit by the Revenue Commissioners in his Annual Report on the Accounts of the Public Service for 2015. This is available at the following link: http://www.audgen.gov.ie/viewdoc.asp?fn=/documents/annualreports/2015/Report/En/Chapter14.pdf.
