Olivia Mitchell (Dublin South, Fine Gael)
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Question 190: To ask the Minister for Finance if he will indicate in tabular form, the number of businesses who claimed the research and development tax credit in 2008, 2009, 2010, 2011 and 2012 to date; the total investment arising from the tax credit in each of those years; and the total cost of the scheme to the Exchequer in each of those years; and if he will make a statement on the matter. [27814/12]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the total cost of the research and development tax credits allowed from 2008 to 2010, the latest year available, together with the number of businesses associated with that cost, are shown in the following table:

Research and Development Tax Credit

*provisional

**The investment amounts are calculated by grossing back the tax credit amounts at the rate applying to each year. This in effect confines the investment amounts shown in the table to expenditure in excess of base year expenditure.

The credits shown above are derived from the corporation tax returns for accounting periods ending in years 2008 to 2010.

Corresponding data cannot yet be provided for 2011 and 2012, as the tax returns for those years are either not yet due or are still being processed.