Richard Boyd Barrett
Ceist:186. Deputy Richard Boyd Barrett asked the Minister for Finance the amount of tax forgone in research and development subsidies for the private sector. [36330/17]
Amharc ar fhreagraWednesday, 26 July 2017
Ceisteanna (186)
Freagraí scríofa
I am advised by Revenue that the information in respect of the Exchequer cost of the Research and Development (R&D) tax credit for the years 2012 to 2015 is available on the Revenue Statistics web page at http://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/costs-expenditures.aspx.
Data in respect of 2016 are not yet available as the bulk of 2016 Corporation Tax returns are not due to be filed until later in the year. I am advised that a breakdown of these costs into public and private sector is not available. However, it is expected that the majority is likely to be undertaken by private companies.