The Braithwaite Network and Braithwaite Ireland would like to welcome back to the Irish team, Ghazaleh Hashemian as Business Development Manager. Ghazaleh brings her extensive knowledge base of the Research and Development (R&D) Tax Credit Programme to the Braithwaite Ireland team as she has filed numerous pharmaceutical and biotechnology claims. To contact Ghazaleh for your next R&D…
What is the R&D Tax Credit Programme? An opportunity to return 25% of your Research and Development expenditure in a tax credit or as a cash refund. The R&D Tax Credit Programme was introduced in 2004 to encourage Irish-based companies to perform R&D and to promote investment in innovation. What type of R&D activities are…
Where a company is satisfied that it can comply with the requirements, a claim to relief may be made by completing the Research and Development section of the CT1 form. Any claim under s.766 must be made within 12 months of the end of the accounting period in which the expenditure on R&D giving rise…
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 may result in request(s) for additional supporting information and/or an onsite audit. Taking a proactive approach in preparing the technical and financial costing…
Deadlines The R&D claim must be submitted no later than 12 months from the end of the accounting period to claim the R&D expenditure in that particular fiscal year period. For example, if an applicant has a December year end in 2016, the statutory filing deadline for the fiscal year 2016 is December 31, 2017.…