Helping businesses secure and maximise R&D tax credits and grants

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R&D Tax Credits Calculator

This free R&D tax credits calculator will estimate how much tax relief you could receive from Revenue - Irish Tax & Customs

Calculator

1. Enter the annual expenditure relating to staff that are involved with R&D projects (€)

€0 €5m

Staff emoluments include gross pay, employer's PRSI, pension contributions, bonus payments, health insurance, company pension payments, holiday entitlement, public holidays and other remuneration items.

2. Enter the annual net expenditure (before VAT) on agency workers (paid through a staff agency) who are involved with R&D activities (€)

€0 €1m

Staff agency costs relate to the invoice value (excl. vat) paid to the staff agency for using agency workers.

3. Enter the annual net expenditure (before VAT) on individual consultants who are involved with R&D activities (€)

€0 €1m

Individual consultants who are hired on a part time or short term basis (no longer then 6 months) to undertake sub-contracted R&D activities can be included. The individual must work under the company's control and direction at the company's premises.

4. Enter the annual net expenditure (before VAT) relating to materials spent on R&D activities (€)

€0 €1m

Materials used in qualifying R&D activities can be included. If the material is sold or forms part of a saleable product, then the sale proceeds is to be deducted from the expenditure claimed.

5. Enter the annual expenditure (before VAT) on R&D activities contracted to a University or Institute of Higher Education (€)

€0 €1m

R&D cost paid to a university or institute of higher education in any relevant EU member sate can be claimed.

6. Enter the annual expenditure (before VAT) on R&D activities contracted to another person (not a university or institute of higher education) (€)

€0 €1m

R&D costs paid to another person (not to a university or institute) who is not a connected person can be claimed.

7. Enter the annual expenditure (before VAT) on buildings, plant and machinery for R&D (€)

€0 €1m

Expenditure on the construction or refurbishment of a building, plant and machinery used for R&D activities may qualify where such expenditure qualifies for capital allowances.

Your estimated R&D Tax Credit

total saving: €510,625

Estimated R&D Tax Credits Calculation

This R&D tax credits calculator only gives a rough estimate of the potential corporation tax relief that you may be eligible to claim. It is based upon your estimate of your R&D costs. We recommend a thorough review to make sure you identify all qualifying R&D projects and all eligible costs. In our experience companies that submit their R&D tax relief claims themselves, or through a non-specialist accountancy firm, often end up significantly under-claiming. Contact the R&D tax specialists at Myriad Associates to make sure your R&D tax relief claim is fully maximised.

Does your project qualify for R&D tax credits?

It takes just 10 minutes to determine if your are eligible for R&D tax credits. Why not call a Myriad R&D specialist to discover if you qualify and ensure your claim is maximised.

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