Revenue has published updated Guidelines in relation to the Research and Development (R&D) Tax Credit provided for in Sections 766, 766A and 766B of the Taxes Consolidation Act 1997.
The Research and Development Tax credit is given in respect of expenditure incurred by companies in the carrying on of qualifying R&D activities as defined in s.766. The credit is given at 25% of qualifying expenditure.
The 
Guidelines (PDF, 1.07MB) have been updated and amended to take account of changes in the recent Finance Acts, to address certain areas of interpretation (in particular in relation to changes in group membership) and to provide more up-to-date examples of how to calculate the credit.
