On 17 April 2015, Ireland Revenue published an updated version of the Research & Development Tax Credit Guidelines. The credit is equal to 25% of all qualifying expenditure for R&D activities undertaken within the EEA by companies subject to Irish tax. Previously a limit applied where only the amount of qualifying expenditure exceeding a 2003 base year expenditure amount was eligible, but this was abolished with effect from 1 January 2015.
The R&D tax credit guidelines cover:
- Th…