Written answers
Tuesday, 29 September 2015
Department of Finance
Tax Exemptions
Richard 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]
Michael 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:
Year | R&D Credit Cost (€m) |
---|---|
2010 | 224 |
2011 | 261 |
2012 | 282 |
2013 | 421 |
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