Revenue eBrief No. 009/25
10 January 2025
Research and Development (R&D) Corporation Tax Credit
Tax and Duty Manual Part 29-02-03 – Research and Development (R&D) Corporation Tax Credit - has been updated to reflect the Finance Act 2024 amendment to section 766C of the Taxes Consolidation Act 1997.
- Section 766C was amended to increase the first instalment threshold amount from €50,000 to €75,000. The amendment applies in respect of accounting periods commencing on or after 1 January 2025.
- Existing examples have been updated, where relevant, and new examples included to reflect the increased first instalment threshold amount.