Oireachtas Joint and Select Committees

Thursday, 1 June 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriations Account
Chapter 13 - Revenue's Review of Medical Consultants' Tax Affairs
Chapter 14 - Research and Development Tax Credit
Chapter 16 - Deferral of Tobacco Stamp Liability

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

I have some questions, primarily dealing with the research and development credit issue taken from the report. On page 191, paragraph 14.14, in that chart, essentially it says there that reviews on a number of cases have been done. Some 520 cases have been done over the past five years. Revenue had a yield of €46 million. The figure in just 2015 alone was €13.5 million for 178 cases, with an average yield of €76,000. Without going into detail, those are cases that Revenue examined as part of the audit in which it found there had been over-claims.

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