Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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28. To ask the Minister for Finance the number of Irish special purpose vehicles, SPVs, registered with the Revenue Commissioners for tax purposes; the number of SPVs that operate in a tax-neutral fashion; and if he will make a statement on the matter. [34054/16]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by Revenue that they understand that Irish SPVs is a reference to companies that have notified the Revenue Commissioners that they are qualifying companies for the purposes of section 110 of the Taxes Consolidation Act 1997 (section 110 TCA).

As of 31 October 2016, there are approximately 2,480 companies with live tax registrations who had supplied a notification to the Revenue Commissioners that they are a qualifying company for the purposes of section 110 TCA.

As the section 110 TCA regime was designed to provide tax neutrality, it can be assumed that the majority of companies using the regime achieve some measure of tax neutrality as far as corporation tax is concerned.