herald

Sunday 17 December 2017

Businesses missing out

bad day for

Businesses are missing out in some €500m in unclaimed R&D tax credits, accountancy giant PwC has claimed.

There's a 25pc tax credit for incremental spending on certain research & development activities, but the first €100,000 is excluded.

The credit may be set against a company's Corporation Tax liability.

PWC tax partner Joe Tynan (right) said that if firms are investing in R&D, they should make themselves aware of the credits that may be available.

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