Guideline videos available on the completion of research and development tax credit claims

Revenue has released a four-part video presentation providing guidelines on completing the research and development (R&D) tax credit panels on Form CT1 for 2024. The videos cover R&D expenditure incurred in the accounting year ended 2024 as well as any remaining instalments due from 2022 and 2023.

Each video covers certain topics as follows:

• Part 1 covers the relevant legislation, including how to correctly complete the sections for grants and subcontractor costs.
• Part 2 outlines how to claim for carried forward amounts under section 766(4B) TCA 1997, including guidance on completing the relevant panels on the Form CT1 in respect of the instalments from years 2022 and 2023.
• Part 3a and 3b cover how to make claims under section 766C TCA 1997.
• Part 4 explains how to claim group relief and highlights common errors made when completing the Form CT1 for 2024.

The links to the videos are available on a dedicated Revenue webpage.