Mr. Barry O'Leary:

I saw some reports on that in terms of inspections. There is a lot of money involved in supporting research and development but an awful lot of benefit is got by the country by supporting it as well. Revenue and the IDA operate to specific guidelines on what constitutes research and development and we have technical assessors to look at and verify that. There have been reports about Revenue disallowing certain aspects of it but I am not aware that this is a big number in the overall research and development scheme. Some of the research and development inspections are carried out retrospectively a few years after the credit is claimed but I have not seen it as a large problem. If 300 companies are involved, a number will be asked for clarification or checked to see whether they fit the guidelines set out in the research and development area.