Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

112. To ask the Minister for Finance the estimated annual cost of removing the outsourcing restriction on the research and development tax credit; and if he will make a statement on the matter. [28619/18]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

113. To ask the Minister for Finance the number of companies that have availed of the research and development tax credit by companies employing fewer than 10, 10 to 50, 50 to 250 and companies employing more than 250 employees, respectively; the associated annual cost for each classification of company based on the most recent data in tabular form; and if he will make a statement on the matter. [28620/18]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 112 and 113 together.

I am advised by Revenue that information in respect of the additional cost of the credit that would arise if the outsourcing restriction was lifted is not available as there is no reliable basis from tax returns data to allow an estimate of the cost to be produced. 

I am further advised by Revenue that details of the number of companies claiming the research and development tax credit by range of number of employees, together with associated annual costs, are published on the Revenue website at: .

Information obtained from these statistics outlining the cost and the number of companies claiming the R&D Tax Credit, by number of employees, is provided in the Tables below.  

Table 1: Cost in Millions of Euro

Table 2: Number of Claimants