
Mark O'Sullivan
The Irish research and development ("R&D") tax credit regime provides a 30%* credit for qualifying expenditure on qualifying activities. Significantly, this tax credit can be used to reduce a company’s corporation tax liability or can be claimed as a cash refund if the company does not have a liability.
This tax credit is applicable to all internal R&D costs incurred from within the EEA, affording a company an effective tax deduction of up to 42.5%, with the added benefit of the possibility of the value of the R&D tax credit being refunded where there is an insufficient level of taxable profits within the company/group.
*R&D Tax Credits are rising to 35% for accounting periods commencing on or after 1st January 2026. |
Mark O'Sullivan