R&D Tax and Duty Manual sets out early refunds of R&D credits

Nov 16, 2020

Revenue’s R&D Tax and Duty Manual (TDM) Part 29-02-04 was updated to reflect the early payment of 2020 instalments of excess R&D tax credits.  The manual states that in the exceptional circumstances of the COVID-19 pandemic and subject to appropriate checks in selected cases, Revenue will expedite the payment of any instalment of excess R&D tax credit that is due to be paid in 2020, bringing forward payment in advance of the date provided by section 766 and section 766A. Requests for Revenue to expedite the payment of any 2020 instalments of excess R&D tax credits should be made through MyEnquiries.

The updated R&D TDM 29-02-04 also reflects minor changes to paragraphs 1 and 3.