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.…

The guidelines provide a definition of the basic requirements for qualification in section 2.1 with criteria that the company must meet and conditions that the qualifying activities must satisfy, however the success of a claim is in the small print and whilst a company could have the next groundbreaking product, improper documentation or an inaccurate…

In theory, the Research & Development (R&D) Tax Credit guidelines provide everything you need to know to make a claim and your staff know your business better than anyone, so why engage a consultant firm? Firstly they specialise on this and for many – like Braithwaite – it is all they do, so they effectively…

1 2 3 6