The Professional's Guide to R&D Tax Credit, KDB and Related Reliefs
- Chapter 1 R&D Tax Credit
- 1.0 Overview
- 1.1 Background to the R&D tax credit
- 1.2 Prior to 2004
- 1.3 Evolution of the R&D tax credit through the changing international tax landscape
- 1.4 A multi-disciplinary approach required to avail of this relief?
- 1.5 Success of the R&D tax credit regime
- 1.6 What are “R&D activities” for tax purposes?
- 1.7 R&D tax credit – key features
- Chapter 3 R&D Activities
- 3.0 Overview
- 3.1 How to determine if an activity is qualifying R&D?
- 3.2 Systematic investigative and experimental activities
- 3.3 Field of science and technology
- 3.4 Types of R&D
- 3.5 Scientific or technological advancement
- 3.6 Scientific or technological uncertainty
- 3.7 Determining when an R&D activity begins and ends
- 3.8 R&D activities — items to consider
- 3.9 What sort of documentation/evidence needs to be maintained?
- 3.10 Takeaway points
- Chapter 4 Eligible Expenditure
- 4.0 Introduction
- 4.1 Overview of eligible revenue expenditure
- 4.2 Revenue expenditure
- 4.3 Evolution of Revenue practice in relation to overheads
- 4.4 Ineligible expenditure
- 4.5 Capitalised expenditure
- 4.6 Plant and machinery
- 4.7 Outsourced R&D activities
- 4.8 R&D grant assistance
- 4.9 Pre-trading expenditure
- 4.10 Requirements to be met for the “Accounting Test”
- 4.11 Takeaway points
- Chapter 5 Expenditure on Buildings & Structures
- 5.1 Introduction
- 5.2 Summary of the building R&D tax credit
- 5.3 Key definitions
- 5.4 How to claim the R&D building credit
- 5.5 Claim for expenditure incurred over more than one accounting period
- 5.6 Buildings apportionment
- 5.7 Building or structure sold or ceases to be used for R&D activity
- 5.8 Takeaway points
- Chapter 6 Revenue Interventions of R&D Tax Credit Claims and the Tax Appeal Commission
- 6.0 Introduction
- 6.1 Changes to Revenue’s interventions
- 6.2 Is an R&D audit different to other tax audits?
- 6.3 Revenue’s appointed expert
- 6.4 Interaction with RD&I grants
- 6.5 Revenue’s R&D credit claim, suggested file layout
- 6.6 Notable changes in Revenue practice
- 6.7 Types of Revenue interventions
- 6.8 Notification of Revenue review or audit
- 6.9 Audit timelines and statute of limitations
- 6.10 Appeal process
- 6.11 Practical difficulties with R&D audits
- 6.12 Settlements with Revenue, interest, penalties and publication
- 6.13 Takeaway points
- Chapter 11 Digital Games Tax Credit
- 11.1 Overview
- 11.2 Who can claim the DGTC
- 11.3 Claiming the DGTC/interim DGTC
- 11.4 Qualifying expenditure and eligible expenditure
- 11.5 What is a digital game & what digital games qualify
- 11.6 Cultural test
- 11.7 Interim and final cultural certificates
- 11.8 Documentation
- 11.9 Anti-avoidance provisions / circumstances in which a company may not make a DGTC or interim DGTC claim
- 11.10 Updates to the DGTC introduced by Finance (No. 2) Act 2023
- 11.11 Takeaway points
- Appendix 1 Research and Development (R&D) Corporation Tax Credit Guidelines - Document last updated July 2024
- Appendix 2 Appointment of Expert to Assist in R&D Audits – August 2024
- Appendix 3 Revenue Audit Letter
- Appendix 4 Revenue Confidentiality Agreement
- Appendix 5 Cultural Test for Digital Games Tax Credits
- Appendix 6 Information Required to Support a Digital Games Tax Credit (Extract from Regulations S.I. No. 593 of 2022P)