The Department of Finance has launched a review of the R&D Tax Credit scheme and the Knowledge Development Box to run until the 30th of May.
IRDG is a champion of the R&D Tax Credits, and was key in the schemes creation. Its effectiveness is reflected in business investment in R&D which has grown from €1.7 to €3.4bn per annum over the last decade.
IRDG is preparing a detailed submission. We will issue a survey to members to gather data for the submission, and will hold direct conversations with members to expand on that. We’re also looking to bring some companies – both SMEs and MNCs – to meet with the Department around the 18th & 19th May.
Please contact Dermot Casey, CEO of IRDG if you are interested in taking part.
The details on the consultation are here