Renewable Energy R&D Tax Credits 18 September 2014. Brian Thornton Partner KPMG. Agenda. What is the R&D tax credit? Key technical requirements Eligible expenditure & finance. What is the R&D Tax Credit?. What is the R&D tax credit?. €25 credit / cash for every incremental €100 spent.
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What is the R&D tax credit?
Key technical requirements
Eligible expenditure & finance
€25 credit / cash for every
The credit incentivises companies to
invest in Ireland and
increase R&D spend
in the Irish economy.
The credit encourages companies to create new jobs in Ireland.
The credit rewards companies being innovative.
The R&D tax credit is key in Ireland’s economic growth policy.
Systematic, investigative or experimental activities
Revenue approved field of science or technology
Involve the resolution of scientific or technological uncertainty
The R&D tax credit must be claimed
within 12 months of the financial year end!
Worthwhile credit - €25 rebate for every €100 spent
Must be claimed within 1 year
Significant documentation requirements – the price to be paid!
Important to seek advice early