Ireland’s Department of Finance has launched a public consultation to review the research and development (R&D) tax credit, seeking feedback on its effectiveness and impact on innovation and business growth on 2 April 2025.
The consultation will focus on areas such as how the credit is used, companies’ future R&D plans, and whether recent legislative changes have boosted R&D investment.
The R&D tax credit, introduced in Finance Act 2004, is available to all companies engaged in qualifying R&D activities in Ireland. As part of its commitment to fostering innovation and economic growth, the government’s Programme for Government 2025 highlights the need for a strong framework that supports business competitiveness and investment in innovation.
The Department of Finance regularly evaluates the R&D tax credit to assess its cost, relevance, and impact. In line with the Budget 2025 announcement, a further evaluation of the credit is set to take place this year.
Interested parties are invited to respond to the consultation questions by 19 May 2025. Written submissions can be sent to businesstaxpolicy@finance.gov.ie . Responses received after the deadline may not be considered.
