Navigating Ireland's R&D tax credit: A comprehensive guide
ArticleIreland's R&D tax credit: Guide to maximise 30% credit for tech and life sciences companies. Discover eligibility, benefits, and application process.
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.
Depending on where a company is on its R&D journey, eligibility for the following should be considered:
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.
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.
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.
Ireland's R&D tax credit: Guide to maximise 30% credit for tech and life sciences companies. Discover eligibility, benefits, and application process.
Discover how Budget 2025 enhances R&D tax credit opportunities for innovation-focused companies. Maximise your R&D investments with expert guidance.
Finance Act 2022 introduced significant changes to the R&D tax credit regime. Most of the changes accommodate the OECD Pillar Two GloBE rules and therefore were expected. Some of the practical issues now arising were not foreseen. In this insight, we summarise the new R&D regime and highlight the key practical considerations for companies.
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