TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Update on Research and Development (R&D) Tax Relief

Announced at Budget 2011, the European Commission has now approved for State Aid purposes the increase in the small and medium-sized enterprise R&D tax relief to 200% from 1 April 2011. HMRC has also announced that the R&D relief voluntary advance assurance pilot for small companies has now closed for applications due to high demand.

Detailed information on the UK R&D regime can be found at: - http://www.hmrc.gov.uk/ct/forms-rates/claims/randd.htm