Research & Development Services
The Irish research and development (R&D) tax regime provides a 25% credit for qualifying expenditure on qualifying activities. This means that companies can now obtain an effective tax deduction of up to 37.5% with the possibility of the value of the R&D tax credit being refunded where there is not a sufficient level of taxable profits within the company/group.
Consider how much money your business spends when trying to develop or improve its products or processes. Now imagine you could reduce that by 25%.
However, many companies are not actually aware that they are carrying out activities that may qualify for this lucrative relief. R&D activities are not limited to those that occur in a traditional research lab. In fact most claims are for experimental development which often takes place right on the factory or shop floor.