The Research and Development (R&D) tax credit, is open to all companies undertaking R&D and Innovation activities in Ireland or EEA. Qualifying R&D expenditure will generate between 25% – 30% tax credit for offset against your Corporation Taxes. This is in addition to your standard Tax Deduction of 12.5%. This means that companies undertaking qualifying R&D…
Earlier today, the Irish Revenue announced the early payment of R&D Tax Credit instalments. This welcome measure has been introduced, as a result of exceptional circumstances of the COVID-19 pandemic and subject to appropriate checks in selected cases, Revenue will expedite the payment of any instalment of excess R&D tax credit that is due to…
At a time when business operations are so precarious, it is critical that Irish businesses are properly processing their R&D tax claims to ensure a successful return. Please join us for this R&D tax credit webinar, where we will discuss the parameters of the tax credit, qualifying criteria, and the process of making a claim.…
Covid-19 is having a serious effect on how we live our lives and conduct our business. Here at Braithwaite, we are paying close attention to what health authorities here and overseas are recommending in this regard, and we are acting accordingly and proportionately. We have taken several precautionary measures. We have required people returning from…
The misconception in the construction and engineering industry is that many activities conducted by companies are seen as standard or routine, nothing to do with research and development. This is far from the truth as there are many eligible R&D activities within the industry. Below are some of the eligible R&D activities in the construction…