Revenue has updated the Tax and Duty Manual on the Research and Development tax credit to incorporate the Finance Act 2024 amendment to the first instalment threshold.
Section 766C was amended to increase the first instalment threshold amount from €50,000 to €75,000. The amendment applies in respect of accounting periods commencing on or after 1 January 2025,
The manual has also been updated to include examples to reflect the increased first instalment threshold amount. Any relevant existing examples in the manual have been updated accordingly.
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