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Updated Revenue Guidelines on R&D Tax Credits

#ResearchAndDevelopment #TaxCredits – The Revenue Commissioners have issued updated guidelines. One key change is the exclusion of rent as an allowable cost.

“Section 4.1: Rent is expenditure on a building or structure and is excluded from being expenditure on research and development by section 766(1)(a) TCA 1997”

Keep an eye out for IRDG’s upcoming R&D Tax Credit webinars with leading tax experts for continued updates.

https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-29/29-02-03.pdf 

Your business not a member?  Understand the potential benefits. Contact Mary Byrne – mary.byrne@irdg.ie

Mary
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