R&D Tax Credits
Submitted by bdoieadmin on Tue, 2010-11-16 15:45
Introduced in Finance Act 2004 and significantly enhanced by Finance (No. 2) Act 2008, the Irish Research and Development Tax Credit Regime offers a very valuable relief to companies undertaking qualifying research and development activities.
Companies can now get an effective tax deduction of 37.5% for qualifying expenditure.
There is also the facility for companies to receive a cash refund from Revenue in relation to qualifying expenditure where the company does not have sufficient corporate tax profits against which the credit can be used.
At BDO we have advised a wide range of clients in relation to the Research and Development Tax Credit Regime. We have the expertise in the Research and Development Tax Credit Regime to help you successfully avail of the benefits of the regime.
BDO can assist you in identifying the qualifying activities and related expenditure in relation to these activities. We have experience in dealing with the Revenue Commissioners on the Research and Development Tax Credit Regime and can help prepare your Research and Development claim in a format that is acceptable to Revenue.
Talk to us, contact a member of our Tax team.