Written answers

Thursday, 28 January 2016

Department of Finance

Research and Development Supports

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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104. To ask the Minister for Finance the tax expenditure associated with research and development tax credits in each of the years 2011 to 2015 in tabular form; and if he will make a statement on the matter. [3717/16]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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I assume that the Question relates to the annual Exchequer cost of the Research and Development (R&D) tax credit.

I am informed by the Revenue Commissioners that the information is as follows: 

YearExchequer Cost
2011€261m
2012€282m
2013€421m

Published statistics in respect of the R&D tax credit are available on the Revenue Statistics webpage at .

The tax cost for 2014 has not yet been finalised as returns are currently being processed. Figures for 2015 or forecasts for later years are not yet available.

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