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
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
My next question relates to the first paragraph in the Comptroller and Auditor General's report which reads:
The R&D tax credit can be claimed in addition to the standard 12.5% corporation tax deduction [because the scheme is worth 25%]. Therefore, the total tax benefit is 37.5%.
Is that correct?
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