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.…
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…
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…
To encourage research and development (R&D) in Ireland, The Knowledge Development Box (KDB) looks to assist SMEs as of today. Companies that are granted the certificate for the KDB can apply for a lower corporate tax. For more information on The Knowledge Development Box affecting SMEs, please click here. The article was written by the…
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…