Oireachtas Joint and Select Committees
Thursday, 22 February 2018
Public Accounts Committee
Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed)
9:00 am
Mr. Niall Cody:
If a company is availing of the knowledge development box, it will have had to engage in research and development and have patents. They are two sides of the coin. The research and development credit is about expenditure on research and development and the knowledge development box is for the tax rate on income arising out of the exploitation and commercialisation of a company's patents. One flows through the other and if some research and development will not result in any income, then it will not succeed by its very nature.
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