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Finance Bill provides more details on Budget 2024 measures and some!

Finance (No. 2) Bill 2023 (“the Bill”) was published yesterday, 19th October 2023, to implement the Budget 2024 taxation changes recently announced by Minister for Finance Michael McGrath. As expected, the Bill  contains further details relating to the positive changes to the R&D Tax Credit announced on Budget Day, namely the increase in the rate …

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Revenue Publish Operational Guidance for Making R&D Tax Credit Claims under new rules

Earlier today, Revenue published new operational guidance for R&D Tax Credit claims being made under the new sections introduced by Finance Act 2022 i.e. S766C, S766D, S766(4D) and S766A(4C). This is essential reading for anyone submitting 2022 R&D Tax Credit claims under the new S766C/S766D and/or accelerating instalments from prior years under S766(4D)/S766A(4C). If you …

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Specified Return now available for making R&D Tax Credit claims under new rules

The Specified Return required to make your 2022 R&D Tax Credit claim under the new rules introduced by Finance Act 2022 is now available on the Revenue Commissioners  website ( www.revenue.ie ). A copy can also be downloaded below. When making your claim, the Specified Return should be submitted to the Revenue Commissioners via MyEnquiries.  …

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The Research and Development Tax Credit – Finance Act 2022 Updates

This article originally appeared in Issue 4 of Chartered Accountants Ireland’s tax.point magazine and is reproduced here with their kind permission   This month, Eoin Brennan of SciMet R&D takes us through the significant changes to the Research and Development Tax Credit introduced by Finance Act 2022. The Research and Development (R&D) Tax Credit is a …

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