Thursday, 11 July 2019

Ceisteanna (180)

Michael McGrath

Ceist:

180. Deputy Michael McGrath asked the Minister for Finance the annual cost of the employment and investment incentive scheme for each year since it started including 2018; the number of companies that availed of the scheme in each of the years by multinational companies and SME companies; and if he will make a statement on the matter. [30807/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I am advised by Revenue that a report on the Employment and Investment Incentive (EII) can be found at https://www.revenue.ie/en/corporate/documents/statistics/tax-expenditures/eii-stats.pdf. The report contains statistics on the number of companies availing of the scheme and the cost to the Exchequer up to 2017, the latest year for which data are currently available.

 The following table sets out the Exchequer costs and the companies availing of the incentive:

Year

1st    Tranche Exchequer Cost

€m    

 2nd  Tranche Exchequer Cost

  €m     

No. of Companies

2017

18.6

N/A

87

2016

31

N/A

203

2015

28

N/A

270

2014

23.3

2

297

2013

17.3

2.9

248

2011/2012

15.7

3.2

255

    

The EII scheme applies to unquoted micro, small and medium sized trading companies only. Therefore, the question of data in respect of multinational companies under the scheme does not arise.