Research & Development Tax Credit
Revenue has published an updated version of their Research & Development Tax Credit Guidance. The updates are mainly minor formatting and clarifications.
The below table, as provided to us by Revenue, sets out the updates:
The guidance is published on the Revenue website.
Page |
Section |
Nature of Change |
1 |
Title |
Date of version changed to April 2015 |
9 |
2.5 |
Change ‘payable’ to ‘paid’ in section (i) |
11 |
2.5 |
Change to note in example number 8 to fix typo in 2016 explanation |
13 |
2.7 |
Change wording to clarify that timing of claims for 2nd and 3rd payable credits is linked to 21st day of 9th month following end of relevant period |
13 |
2.7 |
Change from “other” to “subsequent” |
18 |
3.7 |
Deleted extra bracket symbol |
21 |
4.2 |
Deletion of extra detail in relation to pro-rata costs for staff over 52 weeks for clarity |
24 |
4.6 |
Insert a full stop at the end of final sentence |
25 |
5.1 |
Clarification added to explain that there is a choice of two dates for claims for buildings |
25 |
5.1 |
Insert the phrase ‘it was actually incurred, or on the date’ to clarify how aggregate expenditure may be treated |
28 |
5.3 |
Insert the word ‘on’ in the first sentence |
29 |
5.3 |
Heading re-formatted |
