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
Mr. Niall Cody:
As I outlined to Deputy Catherine Connolly, we have changed our instructions for recoveries of yield from interventions in respect of the research and development credit. With effect from 2017, they will be captured through an assessment under the research and development category and we will be able to report specifically how much of the recovery in an audit, where we are analysing research and development but possibly other corporation tax issues, relates to research and development. We will have those figures in the future.