Paul Gavan (Sinn Fein) | Oireachtas source

I move recommendation No. 17:

In page 61, between lines 6 and 7, to insert the following: “Report on providing R&D Tax Credits payable to small and micro companies within 12 months

42. The Minister shall, within six months of the passing of this Act, prepare and lay before Dáil Éireann a report on providing R&D Tax Credits payable to small and micro companies within 12 months.”.

I will speak briefly to recommendations Nos. 17 and 18. Recommendation No. 17 calls for "a report on providing R&D Tax Credits payable to small and micro companies within 12 months." It makes sense to look into this to see what the potential is. It is a reasonable request.

Recommendation No. 18 calls for "a report on the prevalence of research and development activity subsidised by the State through the research and development tax credit being conducted outside of Ireland." We are looking to establish what value for money we are actually getting. It is a very reasonable request.