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…
With the Research and Development (R&D) Tax Credit in Ireland, there are three eligible research categories (Basic Research, Applied Research and Experimental Research). From the three categories, one or more must be carried out to qualify as an R&D Tax Credit claim. To help understand and interpret the categories we have outlined the definition of each as well as provided industry…
On Thursday, September 22nd, 2016, DatSci hosted the 2016 DatSci Awards at the Aviva Stadium, Dublin. A variety of awards were presented during the event from Student of the year to Start Up of the year. The big award at the end of the night was presented to the Data Scientist of the year. Throughout…
Subcontracted R&D activities are an often overlooked or misunderstood category of the R&D tax credit so we attempt to highlight and clarify some areas of confusion here. The guidelines state that the outsourced activity must constitute qualifying R&D activity in its own right. Therefore, if you send your design to have a mould cast or…
With well over 200 companies in Ireland directly related to the Aerospace Industry, Ireland is seen as one of the major players in the Aviation/Aerospace Sector. These 200 companies range in a wide variety of technological capabilities such as optics, propulsion, space systems software, onboard data systems, ground station systems & networks, and passenger aircraft…