New to R&D Tax Claims?

Introduced by the Irish Government in 2004, it was designed to encourage an increase in R&D innovation across the country.

This generous tax relief, however, is often not claimed due to the complexity of what does or doesn't qualify.

What is R&D corporation tax relief?

 
  • Does your business undertake any form of innovative work that involves overcoming a scientific or technological uncertainty?
  • Are you having difficulty trying to make something work that is not standard or routinely known within your sector?

Then, you may be eligible to claim a considerable amount in R&D tax relief!

R&D tax incentives were introduced by the Irish Government in 2004 to reward innovation in business and stimulate economic growth, yet these generous tax credits often lie unclaimed.

There are a number of reasons why businesses like yours may not have made a R&D corporation tax credit claim:

  • You simply weren’t aware that R&D tax credits exist.
  • You don’t have the in-house resources or expertise.
  • You’re not sure whether your business activities qualify for R&D tax relief.

 

New to R&D Tax Claims?

That’s where we can help you

Making your first R&D tax claim

Expenditure incurred by a company on Research and Development (R&D) activities may qualify for R&D Corporation Tax Relief. For accounting periods on or after 1 January 2024, the qualifying expenditure rate has increased to 30%.

However, as with any Revenue matters, you need to ensure that you get things right - both from a legal compliance standpoint but to also ensure you're claiming everything you're entitled to.

If you’re not familiar with the complex and technical R&D tax claims process, we highly recommend consulting our specialist advisors.

From identifying R&D projects, to analysing your associated costs right the way through to preparing your technical narrative, we offer an end-to-end process that will secure the optimum financial benefits for your business.

Why choose Momentum?

Simple - our experience and our competencies

  • Leading Experts
    Leading Experts

    Established in 2009, and leaders in the field of R&D tax claims, our team of industry experts have an excellent track record in delivering significant, tangible results for thousands of clients throughout Ireland and the UK.



  • Wealth of Skills
    Wealth of Skills

    All our Tax Credit Consultants are leading experts from the business, finance, technical and tax sectors, and have the wealth of skills and experience required to help your business make the most of the Revenue's generous tax incentives.



  • Facilitate
    Facilitate

    We’re not just here to facilitate short term tax relief. We will work with you on an ongoing basis to ensure your business continues to optimise every R&D tax reward possible.



To book your free exploratory conversation with a Momentum R&D advisor, contact us today on

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