The agriculture and agri-food sectors in Ireland are one of the most important sectors not only for the value it contributes to the economy but for the amount of jobs it creates. According to Teagasc (Agriculture and Food Development Authority) and DAFM (Department of Agriculture, Food and the Marine), the agri-food industry contributes €24 billion to the economy and employees around 150,000 people.
With the significant amount of money and jobs in the agri-food industry, many companies are taking advantage of the R&D Tax Credit. However, at Braithwaite, we have found that many companies are missing out on some important eligible activities that they are not aware of. Below is a list of some eligible R&D activities.
Examples of Eligible R&D activities (for a list of work that is not eligible click here):
Expenditures can include wages, third party contractor cost (contractor performing R&D in EEA), materials, machinery, equipment, and overheads.
Interested in estimating your R&D credit/refund?
Check out Braithwaite’s R&D Calculator
Braithwaite Technology Consultants Ltd. can assist you in obtaining tax credits for research and development activities. Whether your work involves basic research, applied research, or experimental development, Braithwaite can take the uncertainty out of the filing process and get you the credit you deserve for your innovation.
For a detailed evaluation of the agriculture and agri-food industries, please contact the professionals at Braithwaite.
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