Government review of R&D credit

Jun 10, 2019

In its response to the public consultation on the effectiveness of the R&D tax credit in Ireland, the Institute, under the auspices of the CCAB-I focused on measures to help the SME sector access the R&D tax credit.  Our response said that this can be achieved by reforming the manner in which the R&D credit is allocated to employees, accelerating qualifying corporation tax refunds on foot of an R&D tax credit claim and by reducing the level of paperwork required of SMEs to qualify and to retain access to the R&D tax credit. 

The views formulated in the submission were based on responses to our recent survey of accountants working in practice and industry directly related to R&D activities.   Thank you to all of those who completed the survey.  Read CCAB-I’s submission.