Written answers
Tuesday, 21 February 2012
Department of Finance
Tax Reliefs
9:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 160: To ask the Minister for Finance the amount of research and development tax credits granted in each of the past four years; and if he will make a statement on the matter. [9342/12]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the total amounts of research and development tax credits allowed from 2006 to 2009, the latest year available, are shown in the following table.
Year | Research and Development Tax Credit |
€m | |
2006 | 74.7 |
2007 | 165.6 |
2008 | 146.0 |
2009 | 216.1 |
The credits shown above are derived from the corporation tax returns for accounting periods ending in 2006 to 2009.
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