Written answers
Thursday, 28 January 2016
Department of Finance
Research and Development Supports
Michael 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]
Michael Noonan (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:
Year | Exchequer 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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