Dáil Éireann - Volume 446 - 02 November, 1994

Written Answers. - Cost of Investment Relief.

[1505] 68. Mr. M. McDowell asked the Minister for Finance the cost to the Exchequer on a full year basis of relief for investment in corporate trades under the Finance Act, 1984, as amended. [2555/94]

Minister for Finance (Mr. B. Ahern): Statistics on the business expansion scheme are compiled by the Revenue Commissioners on the basis of amounts invested in the scheme as formally notified to them in the tax year ending 5 April each year. On that basis, the total estimated tax foregone on investments notified to the Commissioners in the tax year 1993-94 was £12.1 million.