Revenue eBrief No. 226/21

14 December 2021

Research and Development (R&D) Tax Credit

Tax and Duty Manual Part 29-02-03 - Research and Development (R&D) Tax Credit - has been updated:

  • to reiterate that measures to enhance the R&D tax credit for small and micro companies have not yet been commenced and claims should only be made in accordance with legislation that is in effect,
  • to confirm that claims incorrectly made at the 30% rate by small and micro companies under section 766 of the Taxes Consolidation Act 1997, which has not yet been commenced, will be allowable at the 25% rate provided for in the legislation where all conditions for claiming the R&D credit are met, and
  • to confirm that any relief claimed under section 766C of the Taxes Consolidation Act 1997, which has not yet been commenced, is not due and will be clawed back.