Representation – IRDG will be your voice at the Revenue table on key R&D Tax Credits / KDB issues
We are pleased to share that IRDG has been invited to be a core member of a new R&D Discussion / Advisory Group which Revenue has just announced. This is a very welcome, open and positive step forward on behalf of Revenue, and we are delighted to be part of it.
Speaking at our R&D Tax Credit and KDB Seminar on Thursday last, 9th March, Áine Hollingsworth, Head of R&D Tax Incentives at Revenue, said the focus of this R&D Discussion Group would be on the administrative aspects of the R&D Tax Credit and KDB and that it aims to bring greater certainty to companies availing of the incentives. It will work through the discussion on administration of the incentives on a sector by sector basis.
Revenue Terms of Reference are as follows:
- To bring greater certainty to the administration of the R&D tax credit and the KDB
- To provide a two-way forum for Revenue, taxpayers and representative organisations to raise and address issues affecting the administration of the R&D tax credit and the KDB
- To ensure progress is communicated by all members of the Discussion Group through the various channels available to them.
Sector-Specific Guidance – Starting Point is Food / Beverage sector
The Group will commence in the coming weeks, and Revenue have decided to start with the Food / Beverage sector, on the basis that this sector should present some common ground of understanding, therefore progressing the discussions with pace at an early stage.
Invitation to Food /Beverage members to Contribute
As such, we are now starting to reach out to all members in the Food / Beverage sector to invite them to join an internal IRDG Working Group to formulate the input from IRDG and / or to share their suggestions on the tax incentives administration – based around experiences, challenges, ideas for improvement. We will collate all the input and put forward a representative IRDG position. We will do likewise with other sectors as the R&D Discussion Group progresses over time.
We will keep you posted on the progress with this Group as it gets underway.
Any queries can be referred to Mary Byrne, Membership Development & Communications Manager – email@example.com