Revenue.ie & Tax Credits

How Revenue.ie Plays a Part in Tax Credits

Revenue was established in 1923 by Government Order and it’s comprised of three commissioners, one of which is a chairman and all other commissioners carry the rank of Secretary General. The chairman of of the board is also appointed as the Accounting Officer for Revenue. The mission statement of Revenue is:

“To serve the community by fairly and efficiently collecting taxes and duties and implementing Customs controls.”

Revenue has a large number of employees (approximately 5,968 as of 2018) and has offices in 70+ locations throughout Ireland.

So how does all of this play into tax credits? We’re glad you asked! Revenue is a governing tax authority in Ireland and assesses companies through the collection of taxes and duties. As you may most likely assume, they’re an integral component of the tax credit process throughout Ireland.

Claiming Tax Credits Through Revenue.ie

You’re able to register for an account through Revenue.ie, yet if you choose to go about the R&D tax credit claim process individually, you may end up not fully utilizing some available tax credits for your qualifying activities. Additionally, there may be complicated questions and forms to submit which you may have never seen before. We’re here to help every step of the way with our excellent tax advisors and processes. Let us guide you down the best route to obtain the best tax credit possible.

How Swanson Reed Can Help

At Swanson Reed, we place our clients first and foremost and provide exceptionally professional services to position your company in the best scenario when it comes to R&D tax credits. We’re extremely thorough and have many years of combined experience which will exponentially assist your overall tax credit capabilities.

Choosing Swanson Reed for R&D Tax Credit Advising

When selecting Swanson Reed for your tax credit advising, you’re not only selecting a company which truly cares about each and every one of our clients, you’re choosing a company with an excellent record of advising clients on the best methods of receiving the largest tax credit possible for their qualifying research and development activities. Feel free to contact us to learn more and we’ll be sure to respond to your inquiry as soon as possible.