Irish Revenue has issued eBrief No. 236/20 concerning the update of Tax and Duty Manual Part 29-02-03 – Research and Development (R&D) Tax Credit.
The main update concerns the withdrawal of the UK from the EU in relation to the credit for subcontracted R&D Activity where a company incurs expenditure in the carrying on by it of qualifying R&D and pays a sum to a university or institute of higher education to carry out qualifying R&D activities in a relevant Member State. In …