Dáil Éireann Debate, Wednesday - 21 February 2018
82. Deputy Sean Fleming asked the Minister for Finance the amount of the total provided by way of a reduction in corporation tax payable in respect of research and development tax credit; the amount provided by way of refundable credit in each of the years 2013 to 2016; and if he will make a statement on the matter. [8921/18]
Amharc ar fhreagra84. Deputy Sean Fleming asked the Minister for Finance the amount of research and development tax credits availed of in bands (details supplied) in each of the past four years; and if he will make a statement on the matter. [8934/18]
Amharc ar fhreagraI 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 |
