Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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235. To ask the Minister for Finance the estimated cost of tax expenditures and a breakdown of corporate tax expenditures in 2023; and if he will make a statement on the matter. [28801/24]

Jack Chambers (Dublin West, Fianna Fail)
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The Deputy may be aware that corporation tax returns are due to be filed nine months after the end of the accounting period. Returns for accounting years ending in 2023 may therefore be filed up to late September this year, therefore information on tax expenditures in 2023 is not yet available.

Information in respect of the year 2022 is available, and is published on the Revenue website. Two reports that may be of interest in this regard are:

1.The “Cost of Tax Expenditures” tables, giving information on expenditures across all tax heads over multiple years, available at: revenue.ie/en/corporate/documents/statistics/tax-expenditures/costs-tax-expenditures.pdf, and

2.The “Summary of Corporation Tax Returns”, available at: revenue.ie/en/corporate/documents/statistics/income-distributors/corporation-tax-calculation.pdf

In addition, my Department publishes an Annual Report on Tax Expenditures, identifying a list of all tax expenditures in the Irish tax system as per the OECD definition of a Tax Expenditure. The latest report, entitled “Budget 2024 Report on Tax Expenditures 2023”, was published last October on Budget Day and is available at the link below.

The report contains a list of the tax expenditures in effect between October 2022 and September 2023, together with information on the methodology of the report and recent developments in tax expenditures.

www.gov.ie/pdf/?file=https://assets.gov.ie/273376/37783ca0-c33f-4017-a145-be7e855d87db.pdf#page=null