R&D Tax Credit

How to access the Research and Development (R&D) tax credit

The research and development (R&D) tax credit is a powerful tool that can help your business grow and thrive. But, what exactly is it? The R&D Tax Credit is a strategic initiative by the Irish government, offering companies a 25% tax credit (increasing to 30% in 2024) on qualifying research and development expenditures. Designed to spur innovation, this incentive is open to all companies in Ireland who carry our qualifying R & D, encompassing costs from staff salaries to materials, equipment and some external contractor costs. By prioritising and rewarding systematic, investigative R&D efforts, this credit underscores Ireland’s commitment to fostering scientific and technological advancements.

What types of businesses qualify for the R&D tax credit?

The R&D Tax Credit is a strategic initiative by the Irish government, offering companies a 25% tax credit (increasing to 30% in 2024) on qualifying research and development expenditures. Designed to spur innovation, this incentive is open to all companies in Ireland who carry our qualifying R & D, encompassing costs from staff salaries to materials, equipment and some external contractor costs. By prioritising and rewarding systematic, investigative R&D efforts, this credit underscores Ireland’s commitment to fostering scientific and technological advancements.

How businesses can benefit from R&D tax credit

Financial relief

Receive a 25% tax credit on qualifying R&D expenditures, reducing overall research costs (increasing to 30% in 2024).

Cash refunds

For companies without a corporation tax bill, the credit can translate into a cash refund spread over three years.

Enhanced innovation

With reduced financial burdens, businesses can invest more in ground-breaking research and technological advancements.

Broad expenditure coverage

The credit covers a wide range of costs, from staff salaries to materials and equipment.

Competitive edge

The incentive encourages continuous R&D, propelling businesses to the forefront of their industries.

Facilitated research growth

Encourages companies to expand their research scope and capabilities, fostering an environment of innovation and advancement.

How The Agile Executive can help you access the R&D tax credit

Expert guidance

Navigate the intricacies of the tax credit with our specialised knowledge, ensuring maximum claim potential.

Application assistance:

We streamline the application process, crafting compelling submissions that meet all criteria.

Financial strategy

Our team aids in presenting a robust financial outline, highlighting your R&D expenditures effectively.

Documentation support

Ensure all necessary records are maintained and collated, ready for validation by the Revenue Commissioners.

Post-application follow-up

We stand by you, addressing any subsequent queries and ensuring compliance with post-funding conditions.

Would you like more information?​

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