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)
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There is a different question. I want the officials from the Department of Public Expenditure and Reform to listen to this and take it back to the Department of Finance as well. Up to 2008, this scheme was exclusively a tax forgone scheme. I can fully understand why it was administered by Revenue. However, now the scheme is a grant scheme for expenditure, the vast majority of the payments in the past two or three years have been by way of direct Exchequer grants back to the company and only a minority of the scheme relate to tax forgone. While I know the Revenue Commissioners can administer it very efficiently, is there a case for it to be done by the Department of Jobs, Enterprise and Innovation or some other Department given that it is now a grant scheme for research rather than a tax refund scheme? Does Mr. Cody get the point?