I propose to take Questions Nos. 82 and 84 together.
I am advised by Revenue that statistics in respect of the Research and Development (R&D) tax credit are available at www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf up to 2015. Final information in respect of 2016 returns is not yet available. However, based on initial analysis of the R&D elements of 2016 tax returns, provisional estimates for 2016 are provided but these should be considered as highly tentative at this time. Final figures for 2016 will be published by Revenue in the coming months.
The table shows the amount of R&D tax credit claimed by way of a reduction in the amount of Corporation Tax payable and also the amount of R&D tax credit claimed as a refundable credit.
Year
|
Research and Development Credit offset against Corporation Tax liability
|
Research and Development Credit - Repayable Credit
|
|
€m
|
€m
|
2013
|
185
|
236
|
2014
|
227
|
326
|
2015
|
349
|
359
|
2016 (provisional)
|
434
|
240
|
The table shows the amount of credit availed of by the enquired tax credit bands.
Range of Research And Development Tax Credit
€
|
2013
|
2014
|
2015
|
2016 (Provisional)
|
€m
|
€m
|
€m
|
€m
|
|
1 - 50,000
|
17.1
|
16.1
|
15.9
|
15.4
|
50,001 - 100,000
|
18
|
18.6
|
17.9
|
18.2
|
100,001 - 250,000
|
36
|
34.7
|
36.4
|
37
|
250,001 - 500,000
|
32
|
34.1
|
30.9
|
27.2
|
500,001 - 1,000,000
|
30.8
|
29.1
|
40.9
|
34.2
|
1,000,001 - 5,000,000
|
97.5
|
82.1
|
91.1
|
102.8
|
Over 5,000,000
|
190
|
338.6
|
474.8
|
440
|
Total
|
421.4
|
553.3
|
707.9
|
674.4
|