The Research and Development (R&D) tax credit is going up from 25pc to 30pc with the amount to be reimbursed in year one under the R&D tax credit scheme is also being doubled from €25,000 to €50,000 to provide “valuable cash flow support” to companies engaged in smaller R&D projects.
Blog Archives
R&D TAX CREDIT IRELAND Research & Development in the Beverage Industry Introduced by the Irish government in 2004, the R&D tax credit incentive is designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money […]
Irish Artificial Intelligence Ecosystem is ripe for claiming R&D Tax Credits. Developing new Artificial Intelligence (A.I.) and robotic technology, as well as improving on past technologies, requires research and development. Companies can and should be utilising R&D Tax Credits during […]
As COP26 pledges are digested, now more than ever is climate policy becoming an increasingly important determinant of the business environment. The renewed and increased ambition of going green and supporting a sustainable future will lead to a significant increase […]
As the December deadline is looming… Are you missing out? It is an outdated opinion that R&D Tax Credit incentive (25% Credit or Refund on R&D Expenditure) are reserved only for tech companies and think tanks in laboratories. It is […]
The latest HMRC figures released online for R&D tax relief claims from across the UK for 2019-2020 are promising. [1] Whilst Northern Ireland claims have increased by 13% compared to the same period last year, it is still below […]
The proactive approach to claiming R&D Tax Credits Braithwaite recommends preparing the technical and financial costing information before an R&D claim is submitted to Revenue. When a claim is submitted, it is Revenue’s process to review the claim internally, which […]
The Architecture, Engineering And Construction (AEC) Industry may not be renowned for carrying out Research and Development (R&D), however according to the R&D Tax credit guidelines, there are certain activities and projects that may qualify as R&D, hence your company may be due credit or […]
Finance
· Funding
· R&D Credit
This is welcomed news from Revenue and a move that could free up thousands of euro in much needed cash for Irish businesses. Section 766 and Section 766A of the Taxes Consolidation Act 1997 provides that an excess R&D tax credit, as […]
It is important to understand the necessity of a well written Technical Report for companies submitting R&D Tax Credit claims. A solid report will back up your claim and in most cases is a deciding factor whether the claim is […]
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