Good news for those applying for R&D tax credits. The definitions of R&D (Research and Development) used for the purposes of the R&D tax credit and both the IDA's and Enterprise Ireland's R&D grants are all based on the OECD's Frascati manual.
Therefore, with a view to minimising the need to engage experts to verify the science test in R&D tax credit claims, it has been decided that Revenue would not, as a rule, seek to challenge a claim for the R&D tax credit under the science test, where:
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