Dáil Éireann Debate, Tuesday - 28 February 2017
253. Deputy Michael McGrath asked the Minister for Finance to set out the gross eligible company expenditure for which research and development tax credits were claimed in each year from 2012 to 2016; and if he will make a statement on the matter. [10379/17]
Amharc ar fhreagraIt is assumed that the Question is referring to the expenditure associated with claims for research and development (R&D) tax credits in each year.
I am informed by Revenue that, while the gross R&D expenditure is not directly recorded on Corporation Tax records, based on extrapolating from information included in returns and using the tax credit rate of 25 per cent, the estimated amount of eligible R&D expenditure for the years 2012 to 2015 is as shown in the following table. It should be noted that the amount shown for 2015 is provisional and is likely to increase. It should be further noted that these amounts include expenditure on buildings or structures used for research and development which also qualifies for tax credits as it is not possible to exclude such expenditure from the overall amounts.
|
Tax Year |
Estimated Eligible Research and Development Expenditure €m |
|
2012 |
2,448 |
|
2013 |
3,646 |
|
2014 |
4,581 |
|
2015 (prov.) |
4,234 |
I am also informed by Revenue that information in respect of the Exchequer costs of the R&D tax credit for the years 2012 to 2014 is available on the Revenue Statistics webpage at: http://www.revenue.ie/en/about/statistics/costs-expenditures.html.
The tax cost for 2015 has not yet been finalised but provisional data indicate the cost will be in excess of €640 m. These costs include those associated with the refundable element of the tax credit from earlier tax years.
The following revised reply was received on 16 November 2017
It is assumed that the Question is referring to the expenditure associated with claims for research and development (R&D) tax credits in each year.
I am informed by Revenue that, while the gross R&D expenditure is not directly recorded on Corporation Tax records, based on extrapolating from information included in returns and using the tax credit rate of 25 per cent, the estimated amount of eligible R&D expenditure for the years 2012 to 2015 is as shown in the following table. It should be noted that the amounts shown below do not include any element of claim associated with expenditure in earlier years but brought forward into the tax years below. It should be further noted that these amounts include expenditure on buildings or structures used for research and development which also qualifies for tax credits as it is not possible to exclude such expenditure from the overall amounts.
|
Tax Year |
Estimated Eligible Research and Development Expenditure €m |
|
2012 |
1,300 |
|
2013 |
2,237 |
|
2014 |
2,591 |
|
2015 |
2,394 |
I am also informed by Revenue that information in respect of the Exchequer costs of the R& D tax credit for the years 2012 to 2015 is available on the Revenue Statistics webpage at:
https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx
