Advising and obtaining the Irish Revenue Innovation (R&D)

Advising and Obtaining the Irish Revenue Innovation (R&D) Tax Credits Claim on behalf of clients

Advances in the fields of Science or Technology, (Innovation) within your business may qualify as R&D and it is a wider ‘catch all’ than you think. The credit is calculated at 25% of qualifying expenditure and is used to reduce a company’s Corporation Tax (CT). Where a company has offset current and previous years’ CT liabilities, it may apply for a credit payable in instalments. To date this has been a very under utilized tax relief. We have huge experience in assisting with the documentation of these claims calculating the claims and defending the claims with the Irish revenue.

KDB knowledge development box companies

If a company has qualified for the innovation credit(R&D) it can also qualify for a set rate of 6.25%, half the normal full trading rate of 12.5% this is a very attractive CT rate, we have much experioence in claiming and defending these credits on behalf of client companies.