Hot Topic - Making the most of R&D

The R&D tax credit is a valuable tax-based incentive that is designed to encourage investment in R&D by companies in Ireland.

The credit operates by giving you up to 25 percent of your R&D expenditure (both revenue and capital) in a tax credit or in cash (subject to certain conditions being met). The 25 percent credit is available in addition to the 12.5 percent corporation tax deduction at the standard rate.

The relief is generally available for R&D activities carried out in a wide variety of science and technology areas such as software development, engineering, food and beverage production, medical devices, pharmaceuticals, financial services, agriculture and horticulture.

Contact George Skelton at 053 9170507 or email gskelton@rda.ie for more information on what expenditure qualifies for the credit.