Dáil Éireann Debate, Thursday - 26 October 2017
74. Deputy Niall Collins asked the Minister for Finance the number of firms by size (details supplied) that have applied for the research and development tax credit in each of the years 2010 to 2016 and to date in 2017, in tabular form. [45587/17]
Amharc ar fhreagraThe Research and Development (R&D) Tax Credit is a very important feature of the Irish Corporation Tax system. The central purpose of the R&D tax credit is to encourage companies to undertake high-value added R&D activity in Ireland, thereby supporting jobs and investment here. A review of the R&D Tax Credit was undertaken by my Department prior to Budget 2016. The review concluded that the tax credit provides a reasonable level of additionality and that the rationale for the tax credit is not in question. Firms clearly respond to it by increasing their R&D expenditure.
I am advised by Revenue that information in respect of the annual tax cost of the research and development tax credit for years up to 2015, the latest year available, is at the following link
www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf
I am advised by the Revenue Commissioners that the information requested by the Deputy is available up to 2015. The information requested in terms of companies availing of the scheme, and of firm size is as shown in the following table. The number of companies shown below availing of the credit includes companies offsetting their credit against their in-year profits and those with refundable tax credits in the year.
|
Year |
No. of Companies availing of the R&D tax credit |
Less than 10 employees |
11 to 49 employees |
50 to 249 employees |
250 or more employees |
|
2010 |
1172 |
428 |
394 |
252 |
98 |
|
2011 |
1409 |
505 |
497 |
292 |
115 |
|
2012 |
1543 |
549 |
554 |
313 |
127 |
|
2013 |
1576 |
549 |
584 |
326 |
117 |
|
2014 |
1570 |
528 |
563 |
341 |
138 |
|
2015 |
1535 |
502 |
560 |
330 |
143 |
