Michael McGrath (Cork South Central, Fianna Fail)
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180. To ask the Minister for Finance the number of applications received under the employment and investment incentive scheme in each year of its existence; the number of applications approved and refused respectively; the number in which decisions are still awaited; the amount invested each year; the average turnaround time for a decision from the Revenue Commissioners; and if he will make a statement on the matter. [39549/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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1. Revenue advises me that the numbers of applications received and the numbers of companies approved or refused for the Employment and Investment Incentive (EII) for each year since its introduction were as follows:

2. The number of new cases currently awaiting processing is 215. This does not include cases where taxpayers have been asked to provide additional information but have not yet done so as many of those cases relate to incomplete applications.

3. The amounts invested each year since the introduction of the EII were as follows:

As a number of the approvals for 2017 are outline approvals, rather than approvals in respect of shares issued, it is not possible to quantify the amount to be invested.

4. It is not possible to give an average time taken to issue a decision. Where a full application, with all supporting documentation, is received, a decision will issue more quickly than a case where additional information and clarifications must be sought. Equally, it takes less time to carry out the level of examination required in respect of a claim by a company with a simple corporate structure than a claim in respect of a complex corporate grouping.  At present, in respect of the more complex cases, it can take up to three months for a reply to issue.

5. Finally, Revenue also advises me that a number of statistical reports on EII are available on

.