Thursday, 20 June 2019

Ceisteanna (69)

Pearse Doherty

Ceist:

69. Deputy Pearse Doherty asked the Minister for Finance the number of companies by size, that is SME or larger companies, that have availed of the knowledge development box tax scheme to date; the cost to the Exchequer by these categories; and if he will make a statement on the matter. [25937/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I am advised by Revenue that the annual cost of the Knowledge Development Box (KDB) and the number of claimants that availed of the credit are published in Revenue’s paper on 2018 Corporation Tax payments and 2017 tax returns, which is available on the Revenue website at https://www.revenue.ie/en/corporate/documents/research/ct-analysis-2019.pdf The table referencing the KDB is extracted below:

Year

Number of Claimants

Cost €m

2016

12

9.4

2017 (preliminary)

10

13.9

With regard to the figures for 2017, a claimant company has a period of up to 24 months to make a claim for KDB relief. The KDB is available only to companies that carry out R&D within the meaning of Section 766 TCA 1997. It is anticipated that more companies will make use of the 24 month time frame available. As such, more claims in respect of the year ended 31 December 2017 may be made by September 2019.

Due to the small numbers of taxpayers claiming KDB, Revenue cannot comment further on the size of the claimant companies.