Research & Development Tax Credits Overview

Did you know the R&D tax credit regime in Ireland can be a significant source of tax savings for your business?

The Irish research and development (R&D) tax credit 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%.

Yet, many companies are not actually aware that they are carrying out activities that may qualify for the lucrative relief of R&D tax credits. 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.

Do you have an R&D related query?

If you would like to request more information on R&D tax credits or information on how we can assist your company, please contact us here and tell us about your company's research and development activities.