Ireland's Department of Finance has published the Research and Development Tax Credit and Innovation Compass, which provides an overview of the work undertaken by the Department in 2025 to review the R&D tax credit regime, including the results of the public consultation on the R&D tax credit and options to support innovation that was held from April to May 2025. The Compass document also sets out areas for further consideration, summarized as follows:
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Qualifying Expenditure
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