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Derek Henry Discussess Revenue's New R&D Tax Credit Guidelines

12 March 2019

Derek Henry, Partner in Tax, recently featured in The Irish Times article "Fears that updated R&D tax credit guidelines could work against SMEs". 

The Irish R&D tax credit scheme, introduced in 2004, has proven popular over the years with both large multinationals and indigenous companies availing of the scheme which allows companies to offset 25 per cent of R&D spending. Concerns however have been raised recently over the new guidelines introduced by Revenue, which could lead to a drop-off in R&D spending.

Commenting on the updated guidelines, and the implications they may have for applicants, Derek says that the guidelines bring more certainty to the application process: “Revenue’s recent amendment to the new R&D tax credit guidelines offers assistance to claimants by bringing more certainty to the application process, in particular by clarifying a number of issues and giving examples of the types of documentation that can be used by organisations to support a claim".

Content adapted from The Irish Times “Fears that updated R&D tax credit guidelines could work against SMEs”.