Revenue eBrief No. 093/18

18 May 2018

Revenue seeks applications for Independent Research & Development (R&D) and Knowledge Development Box (KDB) Experts

Revenue reviews claims for the R&D tax credit (section 766, 766A or 766B Taxes Consolidation Act 1997) and the Knowledge Development Box (KDB) (section 769G - 769R Taxes Consolidation Act 1997). These reviews involve looking at:

  • the Accounting Test
  • the Science Test.

In reviewing claims for relief under the KDB, this involves looking at:

  • whether the R&D leads to      the creation of a qualifying asset
  • whether Intellectual      Property (IP) forms part of the qualifying asset.

Revenue may, in carrying out reviews of the science test and/or the KDB tests, require assistance from an independent expert in a relevant field of science. Each year Revenue publishes a request for applications from independent experts to form a panel for the current year. Those wishing to join the panel must hold a PhD or the equivalent industry experience in a relevant field of science, or be a proven expert in the fields of intellectual property and/or commercial valuation.

For further details on the role of an independent expert, please refer to Tax and Duty Manual Part 29-02-05. Additional details and the application form to join the panel of independent experts are available on the  Office of Government Procurement e-tenders website.