R&D Tax Credit specialists, trusted all over Ireland
Is your business compliant with the new R&D tax rules?
Get your FREE Health Check today
Use our online claim calculator
If your company hasn’t made an R&D Tax Credits claim before, fill in your information on our claim calculator to receive a no-obligation indicative guide to how much you could be due. Then speak with one of our experienced R&D tax specialists to get your claim started.
Already made a claim?
The strength and value of our claims outperforms other advisers. We’ll give your existing claim a no-obligation healthcheck to make sure it fully complies with all the rules set out by the Revenue, and uncover any missed opportunities.
Calculate your R&D Tax Credits
Calculate your R&D Tax Credits
Get your FREE Health Check today
Use our online claim calculator
If your company hasn’t made an R&D Tax Credits claim before, fill in your information on our claim calculator to receive a no-obligation indicative guide to how much you could be due. Then speak with one of our experienced R&D tax specialists to get your claim started.
Already made a claim?
The strength and value of our claims outperforms other advisers. We’ll give your existing claim a no-obligation healthcheck to make sure it fully complies with all the rules set out by the Revenue, and uncover any missed opportunities.
Don’t miss out — ensure your R&D Tax Credits are optimised and compliant. Book a no-obligation R&D healthcheck with an industry expert
Whatever your sector, when you work with randd for your R&D Tax Credits claim you can sleep easy knowing your claim will be watertight.
Not only will we optimise your claim value, you will receive a bespoke end-to-end service that includes a robust, technically compliant submission which is both completely accurate and entirely defensible.
Our reputation is built on:
Unlocking confidence in your claim:
Be assured we not only include every qualifying cost, but we minimise risk and protect your reputation with every submission.
Providing expert-led support:
From the first conversation we have, our thorough, auditproof approach eliminates the red flags. We speak your language, not just the Revenue’s.
Technical experience across all industries:
Our consultants have an unrivalled breadth and depth of knowledge that recognises every area of development in each sector.
The UK’s R&D Tax Credits governance is continually evolving, so staying compliant is hugely important. Partner with randd to make sure your claim ticks every box.
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Protective Clothing Company
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Will my company qualify for R&D Tax Credits?
Our clients are often surprised at how many of their projects turn out to be eligible.
Is your company…
– Involved in developmental activities
– Working to improve existing products
–Trying to overcome scientific or technological uncertainty?
Those are all definitions of R&D. With a vastly experienced, multi-disciplinary team of tax, finance and technical professionals, we will uncover a full suite of projects which qualify for the innovation and development incentives provided by the government.
As the scheme continually evolves, how certain are you of being fully up to speed with the rules? R&D Tax Credits is all that randd does, and we’ll handle your claim with care and precision.
For an indicative guide to how much you could be due, use our R&D Tax Credit Calculator.
Qualified specialists providing a robust, personal, technical service
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“Good understanding of our business and expert technical advice provided to enable us to successfully process accurate and timely R&D tax returns.”
Nick Lathe
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“randd did exactly what they said they would, they helped us identify costs in our business which qualify as R&D. Excellent service would recommend to any business.”
David
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“For a complex subject, randd take away the work and make the process really clear. We were very lucky to have Dr Jason Branigan be our key contact – very knowledgeable and concise. The other staff were also very professional. I can’t think of many companies I’ve been this satisfied with.”
Shane Younger
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“Brilliant support in terms of both technical and accounting gives the confidence and trust in the R&D tax credit claims process. Jason Branigan has supported us across two companies and two years, both of which were conducted efficiently, productively, and accurately.”
Roger Courtney
Receive full support from randd
Irish companies know we have their back, whether it’s a matter of managing their R&D Tax Credit claim or navigating a Revenue enquiry.
Our submissions are proven to result in a far lower percentage of enquiries than the industry average. We still, however, have considerable experience of handling enquiries, because clients often approach us to step in and take over their case when they have run into snags with a different provider or a self-submission.
Our dedicated compliance team will:
- Provide expert insight and advice into your specific situation
- Aim to protect 100% of your claim’s value throughout the process
- Take care of all the admin, saving you time to focus on your business
To schedule a health check, call 01 588 3932 or complete the form below.
Frequently asked questions
R&D Tax Credits are a niche form of UK tax relief that could bring your company thousands of pounds in tax relief.
How do I make an R&D Tax Credit claim?
Companies subject to Corporation Tax in the UK that undertake qualifying R&D activities with the European Economic Area (EEA) or the UK are eligible.
Who is eligible to claim R&D Tax Credits?
Due to the wide-reaching nature of R&D, 78% of businesses could be eligible for the scheme. If your business is trying to resolve scientific or technological uncertainties with some level of risk, you are carrying out the right type of R&D. It does not matter which sector your business is in.
What constitutes qualifying R&D activity?
A company must have incurred expenditure developing new or enhancing existing products, processes or services, aiming to achieve an advancement or resolving an uncertainty in the field of science or technology.
Which expenses qualify for R&D Tax Credits?
- Employee & Staff Costs: Salaries, pension contributions, bonuses and health insurance for employees directly involved in R&D.
- Materials: Materials consumed or transformed during the R&D process, including utilities and consumables.
- Capital Expenditure: Construction or refurbishment of buildings used for R&D (at least 35%) and plant & machinery used for R&D purposes.
- Outsourcing: Payments to third-party institutions, higher education institutions, or agency staff, subject to certain limits.
- Software, data & cloud costs.
- Overheads: Certain overhead expenses directly supporting R&D activities.
What is the R&D Tax Credit rate?
- The R&D tax credit rate is 30% of qualifying expenditure for accounting periods starting on or after January 1 2024, and 25% for periods starting before that date.
- This credit is in addition to the standard Corporation Tax deduction, resulting in an effective benefit of up to 42.5%.
- For accounting periods starting after January 1 2025, the initial instalment amount has increased from €50,000 to €75,000.
What is the process for claiming R&D Tax Credits?
- Claims are made as part of a Corporation Tax Return (Form CT1) within 12 months of the end of the accounting period.
- A detailed R&D tax claim report is highly recommended to support the claim, justifying the technical advancements and uncertainties and providing a detailed breakdown of expenditure.
- For accounting periods beginning on or after January 1, 2024, first-time claimants and those who have not claimed in the past three years must notify Revenue at least 90 days before making the claim.
Do R&D Tax Credits only apply to scientific or technological companies?
No. R&D activities can be found across various industries including manufacturing, construction, engineering, software and even financial services.
Can I claim for a failed R&D project?
Yes. The focus is on the R&D work undertaken, even if the project was unsuccessful.
Can I claim if my company is not making a profit?
Yes, both profitable and loss-making companies can claim.
Is there a minimum that must be spent on R&D to make a claim?
No. There is no minimum expenditure amount to be eligible.