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.