Oireachtas Joint and Select Committees
Tuesday, 5 November 2019
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2019: Committee Stage
Paschal Donohoe (Dublin Central, Fine Gael)
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Some is excellent but there are other parts that have some distance to go with regard to productivity. Clawback is not an issue which has been raised with us in the consultation seminars that we have done or the engagement that I have had with my team about it. A clawback provision is in place if the credit ends up not meeting the needs that Revenue has for it. We will have to keep this under review. It is an important departure from research and development tax credit policy and it is justified. My intention is that the share of value that smaller companies have of the total research and development tax credit will increase. We will have to see how that works out over the next couple of years.