In its response to the public consultation on the effectiveness of the R&D tax credit in Ireland, the Institute, under the auspices of the CCAB-I focused on measures to help the SME sector access the R&D tax credit. Our response said that this can be achieved by reforming the manner in which the R&D credit is allocated to employees, accelerating qualifying corporation tax refunds on foot of an R&D tax credit claim and by reducing the level of paperwork required of SMEs to qualify and to retain access to the R&D tax credit. Read the response on here and on our website.

The views formulated in the submission were based on responses to our recent survey of accountants working in practice and industry directly related to R&D activities. Thank you to all of those who completed the survey.