R&D Tax Credit Experts Helping Irish Businesses Reclaim Innovation Costs

Companies that are subject to Irish corporation tax may qualify for an R&D Tax Credit where they undertake activities designed to achieve an advance in science or technology, encounter and actively seek to overcome scientific or technological uncertainty and carry out systematic, investigative or experimental work. The relief is available across a wide range of sectors, commonly including engineering, manufacturing, software development, construction, life sciences and food and production. Both profitable and loss-making companies can benefit from the credit. It may be used to reduce corporation tax liabilities, refunded in instalments subject to Revenue rules or, in certain circumstances, offset against other tax liabilities.

If your company is developing new products, processes or services, or appreciably improving existing ones and the solution is not readily deducible by a competent professional in the field, your activities may qualify under Revenue guidelines. Many qualifying projects are embedded within day-to-day commercial operations and are not always labelled internally as ‘R&D’, but our specialists help identify and document these activities in line with Revenue’s legislative requirements.