Research and Development (R&D) tax credits provide significant financial support to Irish companies undertaking genuine innovation, but Revenue Ireland has strict criteria about what qualifies.
This video explains Revenue’s five essential requirements for qualifying R&D activities and what they mean in practice for Irish businesses across different sectors.
You must meet all five criteria including systematic investigation, working in a prescribed field of science or technology, and resolving scientific or technological uncertainty that advances the overall field.
In this short video, we break down:
• Revenue’s five qualifying criteria for R&D tax credits
• The difference between scientific advancement and business improvement
• Real-world examples of what qualifies and what doesn’t across industries
• Essential documentation requirements to protect your claim from audit
Credit to : Myriad