In our experience, Revenue is auditing a high percentage of R&D tax credit claims and is taking an increasingly hard line with respect to issues arising from audits of claims. As a result, we prepare all claims on the premise that they should be expected to withstand a rigorous Revenue audit.

KPMG provides wide-ranging audit support for clients whose claims we have prepared and for companies who have claimed the R&D tax credit without our initial assistance.

We have successfully managed a very large number of Revenue audits (with respect to all aspects of the audit: scientific technical, financial and tax technical) and have an excellent understanding of Revenue's processes in this area.

Revenue audit FAQ

How can a claim be made?

A claim is generally made through a company’s corporation tax return (which is now generally filed online via ROS). In addition to working with you to compile a compliant R&D tax credit claim, KPMG can advise you how to file the claim with Revenue.
Is my company eligible for the R&D tax credit?

Please feel free to contact us to help determine whether your company may be eligible for the tax credit. At no cost or obligation to you, we can discuss your potential to claim a credit.
How much time is involved?

We understand that your time is a scarce resource.

The credit can be very valuable for your company and, as such, a limited investment of your time is required. We aim to reduce the workload of our clients by providing a tailored and streamlined process proven to allow you to claim the credit with minimal disruption to your day-to-day activities.

We seek to ensure that the interaction with the relevant personnel is kept to a minimum but appropriate level.
How can we ensure we get the full benefit?

In order to derive the full benefit from the credit, it is important to undertake a detailed review of your activities and determine whether they meet the qualifying criteria set out in the legislation and Revenue Guidelines for R&D tax credit.

KPMG can talk to you, at no cost or obligation, to help you explore your potential to claim in light of the activities you carry out.

When providing you with R&D tax credit services, we can also advise on your tax obligations with regard to relevant related corporation tax issues.
What if several group companies are carrying out R&D?

Care must be taken to ensure the correct treatment is adopted when compiling a claim for a group of companies.

We can advise on the appropriate treatment in each case to ensure a reasonable and audit-ready claim is prepared.

Do you have an R&D-related query?

Contact us. If you would like to request an R&D tax credits brochure, require information on how we can assist your company, or would like us to call you directly to discuss your particular circumstances, please email us at info@kpmg.ie.

We will endeavour to respond to your initial query within two working days.