R&D Tax Credits

R&D Tax Credits

The R&D Tax Credit scheme is applicable only to limited companies, both SMEs (definition: fewer than 500 employees, annual turnover below €100 million, balance sheet total not exceeding €86 million) and large companies i.e. those not qualifying as SMEs.

What qualifies as R&D?

Whilst it is difficult to offer a precise definition of what constitutes Research & Development expenditure, it is likely that financial investment which advances science or technology or provides an appreciable improvement in an existing process, material or product will probably be acceptable for R&D credit.

What is an R&D Tax Credit?


The company wishing to make a claim can be either profitable, Break even or making a loss.

Utilising surrenderable tax losses, there is the possibility of a financial repayment for a company in a loss making position.

A company must have been trading, for at least one year before an application for an R&D Tax Credit can be submitted.

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