Pearse Doherty (Donegal South West, Sinn Fein)
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74. To ask the Minister for Finance if he has considered modernising the base year for R&D tax reliefs. [22008/13]

Michael Noonan (Limerick City, Fine Gael)
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As announced in Budget 2013, my Department is undertaking a review of the R&D Tax Credit in 2013. The purpose of this review is to ensure that the scheme remains best in class internationally, and represents value for money for the taxpayer. In February 2013 a request for submissions was published on the Department’s website inviting interested parties to make submissions on the terms of the review by the 12th April 2013. The terms of reference for this paper included the base year. All options identified in these submissions will be considered as part of the review, which will include the submission received from Sinn Fein and their proposal regarding the base year.