Dáil Éireann Debate, Tuesday - 24 July 2018
281. Deputy Michael McGrath asked the Minister for Finance the annual cost of the employment and investment incentive scheme for each year since it commenced including 2017; the number of companies that have availed of the scheme in each of these years by multinational companies and SMEs; and if he will make a statement on the matter. [33927/18]
Amharc ar fhreagraI am advised by Revenue that the most recent data on the annual cost and number of qualifying companies availing of the Employment and Investment incentive since it commenced in 2012 is as follows:
|
Year |
Cost €m |
No. of Qualifying Companies |
|
2016 |
32.5 |
261 |
|
2015 |
22.5 |
279 |
|
2014 |
18.8 |
239 |
|
2013 |
12.7 |
190 |
|
2012 |
4 |
78 |
In accordance with the definition of qualifying company in s. 494(4) of the Taxes Consolidation Act 1997, all companies availing of the incentive must be micro, small or medium-sized enterprise within the meaning of Annex 1 to Commission Regulation (EU) No. 651/2014 of 17 June 2014.
