The key to maintaining growth and competitiveness in our evolving economy is to undertake innovative activities.

The Irish tax system includes valuable tax reliefs and allowances to support such activities, irrespective of the business’s tax profile or growth stage. These supports are perceived as resource intensive, difficult to apply for and difficult to retain the benefit of.

Our service offering is flexible and tailored to each of our client’s needs and expectations. Services range across the full claim preparation, assurance or a high level review depending on the business need.

Our services

Depending on where a company is on its R&D journey, eligibility for the following should be considered:

  • Grants
  • R&D tax credits (a 25% tax credit on qualifying expenditure)
  • Knowledge Development Box tax relief (a reduced tax rate on income from qualifying assets)

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Capital allowances enable companies to claim tax relief on capital expenditure incurred on certain assets under the condition that they are used for the purposes of a trade or rental business.

They effectively allow a taxpayer to write off the cost of an asset over a period of time on property acquisitions, plant and machinery, refurbishments, alterations and extensions.

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This is a refundable corporation tax credit available to digital games development companies for qualifying expenditure incurred on the design, production and testing of a digital game.

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Why Grant Thornton

Our highly experienced team builds close relationships with clients to gain a thorough understanding of their specific business needs.  This enables us to offer a solutions focused service tailored towards the client’s circumstances now and into the future.  The Tax Incentives team is experienced in claim preparation and claim defence.  We are risk focused with insight gained from interactions with Revenue on these matters.