Written answers

Tuesday, 29 September 2015

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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239. To ask the Minister for Finance the annual cost of research and development tax allowances or credits, in terms of corporate tax foregone, for each year from 2010 to the latest available figures; and if he will make a statement on the matter. [32962/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that a wide range of statistical information is now available on the Commissioners' statistics webpage at . 

In relation to the Deputy's question, information on the annual cost of research and development tax allowances can be found at .

The latest available figures are 2013 and the costs from 2010 are set out as follows:

YearR&D Credit Cost (€m)
2010224
2011261
2012282
2013421

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