Myriad's R&D Tax Credit Services: Fees, Process, Benefits

Navigating Ireland's R&D tax credit scheme can feel complex, but it doesn't have to be. At Myriad, we specialise in helping Irish businesses unlock the full value of their innovation through R&D tax credits. Whether you're a software startup, an engineering firm, or a manufacturing company pushing the boundaries of your industry, our expertise ensures you claim what you're entitled to with complete confidence.

Here's everything you need to know about our services, how we work, what we charge, and why businesses across Ireland trust us with their R&D claims.

Our R&D Tax Credit Process

We've designed our process to be thorough yet straightforward, minimising the burden on your team while maximising your claim value.

Initial Assessment and Eligibility Review

Every engagement begins with a comprehensive assessment of your business activities. We review your projects, operations, and innovations to determine which activities qualify under Revenue's R&D tax credit criteria.

This initial review is crucial for confirming the validity of your claim, identifying opportunities you might have missed and establishing a solid foundation for the work to come.

Technical Report Preparation

The heart of any successful R&D claim is a robust technical report.

We conduct detailed interviews with your technical teams (engineers, developers, scientists, product managers…) to understand the technological uncertainties you've tackled and the advances you've sought to achieve. Our experts then translate these conversations into comprehensive technical documentation that clearly demonstrates how your work qualifies for tax relief.

This report is essential in the event of an audit from Revenue, as it will demonstrate that your work actually qualifies.

Financial Analysis and Claim Calculation Following Data Collection

Alongside the technical report work, our cost and tax associates carry out the financial analysis. We collect relevant cost data, analyse qualifying expenditure, and calculate your claim value with precision. Our approach ensures every eligible euro is captured while maintaining full compliance with Revenue requirements.

As with the technical report, the groundwork laid here will justify your claim in an audit. We keep meticulous records of the apportionments made and ensure that the numbers are strong and defensible.

Revenue Submission via Liaison with Your Accountant

We don't work in isolation; we collaborate closely with your accountant to ensure seamless submission to Revenue. This partnership approach means your claim integrates smoothly with your broader tax and accounting processes, avoiding duplication of effort and ensuring consistency across your filings.

What's Included in Our Service

When you work with Myriad, you receive a comprehensive service that covers every aspect of your R&D tax credit claim.

R&D Tax Credit Claim Report: Our detailed claim report includes all the elements Revenue requires and more. This encompasses R&D project discovery to identify all qualifying activities, technical scoping to define the boundaries of your innovation work, and qualifying cost review to ensure accuracy. We prepare the technical report that forms the backbone of your claim, conduct thorough staff and subcontractor time analysis, and create detailed cost schedules that support your claim value.

Submission of Pre-Notification Form, If Required: For first-time claimants or when required by Revenue, we handle the submission of your pre-notification form, ensuring you meet all procedural requirements from the outset.

Liaison with Your Accountant for Submission: We work directly with your accountant to complete the necessary sections of your Corporation Tax Return (CT1), ensuring your R&D claim is properly integrated into your tax filing. This collaborative approach streamlines the process and reduces the administrative burden on your finance team.

Communication with Revenue: After submission, we don't simply disappear. We maintain communication with Revenue on your behalf, following up on your claim's progress and addressing any queries that may arise during the review process.

Support in the Event of an Audit from Revenue: Perhaps most importantly, our service includes comprehensive support if Revenue selects your claim for a compliance check or audit. This protection comes at no additional cost, giving you complete peace of mind.

Our Fee Structure

Transparency matters. We believe you should know exactly what you're paying for and why. Our fee structure is designed to align our interests with yours; we succeed when you succeed.

We use a tiered percentage fee structure that links our fee to the amount you receive from Revenue:

For detailed pricing information and options tailored to your business size and claim value, visit our R&D tax credits pricing page.

Our pricing model is competitive within the Irish market and reflects the depth of expertise and comprehensive support we provide. We offer flexible arrangements to suit different business needs, ensuring our services remain accessible whether you're a startup making your first claim or an established company with a substantial R&D programme.

The Myriad Guarantee

Every claim we handle comes with built-in defence, guarantees, and cover, so you're protected from start to finish with no hidden extras.

In the event of a compliance check, query, or challenge from Revenue, we provide full support at no extra cost:

Full Revenue Audit Defence We stand by your claim from start to finish, including in the event of an enquiry. If Revenue has questions, we handle the correspondence, provide the justifications, and defend the technical and financial basis of your claim with the same rigour we applied when preparing it.

Fee Refund Guarantee In the unlikely event that a claim is rejected, we will refund our fees. This guarantee demonstrates our confidence in the quality of our work and ensures you face no financial risk when engaging our services.

Penalty Cover Should Revenue impose any penalties related to your claim—an exceptionally rare occurrence given our track record—we contribute towards your time and cover those penalties. This protection gives you complete confidence to claim what you're entitled to without fear of unexpected costs.

Success Rates

We've never had a claim rejected. This isn't luck—it’s the result of rigorous technical analysis, thorough documentation, conservative claim preparation, and deep expertise in Revenue's requirements.

We work with companies across diverse sectors including software development, engineering, biotechnology, food, agriculture, and manufacturing, and our approach ensures every claim can withstand Revenue scrutiny.

Our perfect success rate means you can trust that when we say an activity qualifies, it does. When we calculate your claim value, it's defensible. When we submit to Revenue, we're confident in the outcome.

Tax Cloud: For Companies with Smaller Claims

We recognise that not every business needs or wants full consultancy support. For companies with smaller claims, we offer our online solution Tax Cloud, a hybrid option that combines the confidence of a robust claim with greater control over the process.

With Tax Cloud, you input your own project details through our intuitive platform, and these are reviewed by our expert team. This team is the same specialists who work on full consultancy claims. This approach reduces costs while maintaining the quality and defensibility that Myriad is known for.

You can find out more about Tax Cloud’s pricing structure here.

Payment Terms and Timelines

Our payment terms are aligned with Revenue's expected payout dates: 45 days. This means you're not paying fees before you receive your refund, reducing cash flow pressure and aligning our payment with the benefit you receive from the claim.

The pace of your claim is entirely up to you. We understand that you're running a business, and your time is valuable. We've turned claims around within a week for urgent situations, and we've also worked with clients over multiple months when that better suits their availability.

Regardless of your preferred timeline, we ensure your claim is submitted on time. Missing deadlines means leaving money on the table, and we won't let that happen.

Getting Started: Your Free Consultation

Ready to discover what your R&D activities are worth? It starts with a conversation.

Our free consultation gives you the opportunity to discuss your projects with our experts, understand whether you qualify for R&D tax credits, and get a sense of your potential claim value, all with no obligation. We'll explain how the process works, answer your questions, and outline the next steps if you decide to proceed.

Contact our team today to schedule your free consultation and take the first step towards unlocking the value of your innovation.