Qualifying for R&D Tax Credits
Does your business qualify for R&D tax credits? There are a few simple criteria that you must meet in order to claim R&D tax relief.
First and foremost, will you be classified as an SME or a Large Company?
For the purposes of R&D tax relief, a business wishing to claim under the SME R&D tax credit scheme must have:
- Less than 500 employees...
- An annual turnover less than €100 million...
- A balance sheet less than €86 million.
Large Company Definition
When it comes to the Large Company definition for R&D tax purposes, it's much simpler. In a nutshell, if you don't fit the SME criteria above then you are categorised as a Large Company.
R&D Tax Credit Criteria
Once you know which R&D tax credit scheme you will qualify for, you just need to check that your business fulfils all the points in the relevant checklist below. Click image to enlarge...