44. Deputy Pearse Doherty asked the Minister for Finance the status of changes announced to the research and development tax credit for small and micro-companies under section 25 of the Finance Act 2019; the reason engagement with the Commission began only in March 2020; when the changes are expected to commence; if he will consider amending the research and development tax credit in the context of Budget 2022 by allowing small and micro companies to receive payable credits in one instalment not earlier than the relevant tax pay and file date for the company’s accounting period in which the qualifying expenditure was made rather than three instalments over a 33 month period; and if he will make a statement on the matter. [44862/21]

Summary

44. Deputy Pearse Doherty asked the Minister for Finance the status of changes announced to the research and development tax credit for small and micro-companies under section 25 of the Finance Act 2019; the reason engagement with the Commission began only in March 2020; when the changes are expected to commence; if he will consider amending the research and development tax credit in the context of Budget 2022 by allowing small and micro companies to receive payable credits in one instalment not earlier than the relevant tax pay and file date for the company’s accounting period in which the qualifying expenditure was made rather than three instalments over a 33 month period; and if he will make a statement on the matter. [44862/21]

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