Research and Development Tax Credits

Are you a forward-thinking business in Ireland striving to innovate and push the boundaries in your industry? At Xeinadin, we understand the pivotal role Research and Development (R&D) plays in driving growth and competitiveness. That’s why we’re here to guide you through the intricate process of claiming Research and Development Tax Credits, ensuring you receive the maximum benefit for your innovation endeavours.

R&D tax credit specialists

Xeinadin stands at the forefront of R&D Tax Credit expertise in Ireland, equipped with a team of seasoned professionals who possess in-depth knowledge of the Irish tax landscape.

Don’t leave money on the table – partner with Xeinadin and unlock the full potential of your R&D Tax Credit claim.

Research and Development

How we can help:

01

Claim Preparation

Our experts will work closely with you to gather the necessary information, prepare your R&D Tax Credit claim, and ensure compliance with all relevant regulations.

02

Audit Support

In the event of a tax audit or inquiry, we provide comprehensive support, including documentation preparation and representation, to safeguard your claim and mitigate any potential issues.

03

R&D Advisory

Looking to enhance your R&D strategy? Our advisory services offer valuable insights and guidance to help you optimise your R&D activities and maximise your tax benefits over the long term.

04

Training and Education

We offer tailored training sessions and workshops to educate your team on R&D Tax Credit eligibility criteria, record-keeping best practices, and other relevant topics, empowering you to proactively manage your R&D tax affairs.

Contact our R&D team

Liam Farrell

PartnerBallsbridge

Aidan O’Gorman

PartnerWexford

Mary McKeogh

PartnerLimerick

Andrew Thompson

PartnerNorthwood Dublin

Daniel O’Brien

PartnerBallsbridge

Anne Hogan

DirectorLimerick

Book a meeting

Book a free, no-obligation chat with our experts where we find out a bit more about your business, explain our services, and how we could work with you.

M&A FAQs

R&D Tax Credits are a government incentive aimed at encouraging innovation and investment in research and development activities. In Ireland, eligible companies can claim a tax credit of 25% on qualifying R&D expenditure, in addition to the standard corporate tax deduction.

Any company that carries out qualifying R&D activities in Ireland can potentially claim R&D Tax Credits. This includes companies of all sizes and across various industries, provided they meet the criteria set forth by the Revenue Commissioners.

R&D activities encompass systematic, investigative, or experimental activities aimed at achieving technological or scientific advancement in the fields of natural or applied sciences. This can include product or process development, scientific research, and experimental testing, among others.

Eligible companies can claim a tax credit of 25% on qualifying R&D expenditure, in addition to the standard corporate tax deduction. There is no cap on the amount that can be claimed, making it a valuable incentive for companies investing in innovation.

Eligible expenditures typically include costs directly related to R&D activities, such as employee wages, subcontractor costs, consumables, and certain overhead expenses. It’s essential to maintain detailed records and documentation to support your claim.

No, companies do not need to be profitable to claim R&D Tax Credits in Ireland. Even loss-making companies can benefit from R&D Tax Credits by carrying forward the credits to offset future tax liabilities.

Making an R&D Tax Credit claim involves gathering detailed documentation of your R&D activities and expenditures, preparing the claim according to Revenue guidelines, and submitting it along with your annual corporate tax return.

If your R&D Tax Credit claim is selected for audit by the Revenue Commissioners, our team will provide comprehensive support, including documentation preparation and representation, to ensure compliance and address any inquiries from the tax authorities.

While R&D Tax Credits are primarily aimed at activities conducted in Ireland, it’s possible to claim credits for qualifying R&D work carried out overseas under certain conditions. Our experts can provide guidance on navigating the complexities of international R&D tax matters.

Xeinadin offers a range of services tailored to help you maximise your R&D Tax Credit claim, including claim preparation, audit support, advisory services, and training. Our team of experts will work closely with you to ensure you receive the full benefit you’re entitled to under Irish tax law.

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