With the recent publication of the Finance Bill 2019 on October 17th, 2019, Braithwaite has uncovered an update that effects Micro and Small Companies. As originally reported by many publications as well as Braithwaite, it was stated that companies with 250 employees would qualify for the R&D increase from 25% to 30%. However, that is…
Earlier this week, we welcomed the announcement of the increase of the R&D Tax Credit rate from 25% to 30% for micro and small companies as part of the budget for 2020. In addition to that, the Department of Finance has allocated €1 billion to the Department of Business, Enterprise and Innovation. The Minister of…
The R&D tax credit aims at helping Irish research and development sector for continuous growth to become one of the global technology leaders, and creating new high-tech job opportunities in Ireland. For expenditure incurred in accounting periods commencing on or after 1 January 2009, the relief is calculated as 25% of qualifying expenditure. The credit…
The Brexit process leading to March 2019 is an indeterminate one. Amongst the issues that torment this controversial change include the resulting affect for UK organisations post-Brexit. In particular, there is uncertainty of whether they will have the same accessibility to the European Union once the Brexit separation has been concluded. This is what being…
Whether you are a start-up company or an organisation that has been growing, tax relief can always help you with cash flow and incentives to invest in future research and development (R&D ) projects. One question that we are often asked is what to expect as a first-time filer and how the claim should be…