Dáil Éireann Debate, Wednesday - 19 December 2018
142. 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 2018; the number of companies that have availed of the scheme in each of these years by multinational companies and SME companies; and if he will make a statement on the matter. [53756/18]
Amharc ar fhreagraThe Employment and Investment Incentive (“EII”) is an incentive whereby investors can claim relief for investments in qualifying companies.
The annual cost and number of companies that have availed of the scheme between 2012 and 2016, the latest year for which data are currently available, can be found in the table below.
|
Year |
No. of qualifying companies |
Tax Cost |
|
2012 |
78 |
€4m |
|
2013 |
190 |
€12.7m |
|
2014 |
239 |
€18.8m |
|
2015 |
279 |
€22.2m |
|
2016 |
261 |
€32.5m |
I am advised by Revenue that while applicant companies for EII must be micro, small or medium sized enterprises they are not required by Revenue to identify whether they have a multi-national character. Accordingly, the breakdown the Deputy has asked for in relation to multi-national companies is not available.
