Thursday, 3 October 2019

Ceisteanna (71, 72)

Michael McGrath

Ceist:

71. Deputy Michael McGrath asked the Minister for Finance the number of persons that availed of the knowledge development box scheme in each year since its establishment; the cost in each year; and if he will make a statement on the matter. [40461/19]

Amharc ar fhreagra

Michael McGrath

Ceist:

72. Deputy Michael McGrath asked the Minister for Finance the number of SMEs that have availed of the research and development tax credit in each year since its establishment; the cost in each year of SMEs availing of the credit; and if he will make a statement on the matter. [40462/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I propose to take Questions Nos. 71 and 72 together.

I am advised by Revenue that the most recent data on the annual cost and the number of claimants of the Knowledge Development Box (KDB) for the years 2016 and 2017 are published on page 18 of Revenue’s paper on 2018 Corporation Tax payments and 2017 Corporation Tax returns. This information is available at www.revenue.ie/en/corporate/documents/research/ct-analysis-2019.pdf.

In this regard, the Deputy may be aware that a claimant company has a period of up to 24 months to make a claim for KDB relief. Therefore, more claims in respect of the year ended 31 December 2017 may be made by September 2019. Final annual cost and claimant figures for 2017 will be made available in 2020.

I am further advised that, due to the small number of KDB claims and Revenue’s obligation to protect the confidentiality of taxpayer data, it is not possible to provide information in respect of the size of the firms availing of the relief.

The annual cost of the Research and Development (R&D) tax credit and the number of companies that availed of it for years up to 2017, the most recent year for which data is available, is published on the Revenue website at the following link: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/r-and-d-tax-credits.aspx .

The available information in respect of multinational and SME companies is split between companies administered by Revenue’s Large Corporates Division (LCD) and non-LCD companies. Most of the companies administered by LCD are multinational companies. Also shown is the distribution of the R&D claims by the number of employees of the claimant companies.