Examples of claims

Examples of claims

Since its foundation in 2004, our practice has provided R&D tax credit services to an extensive number of clients in a wide variety of sectors.

Our practice has provided R&D tax credit services to an extensive number of clients.

Our dedicated SME and large company teams have helped companies of varying sizes receive their entitlement of tax benefits resulting from investments in R&D. The following are examples of claims we've prepared in each of the primary R&D sectors.

For more detailed information pertaining to our credentials, please contact us.

 

Biotechnology, pharmaceuticals & medical devices

  • Company: An Irish subsidiary of a US multinational in the pharma sector.
    History: A tax client of another Big Four adviser. After engaging with the client, we assisted them in filing a compliant R&D tax credit claim.
    Benefit: After supporting the client through a rigorous Revenue audit, they received a benefit of circa €52m.
  • Company: An Irish subsidiary of a US multinational in the medical devices sector.
    History: An existing tax client of KPMG, we began working with the company when it commenced a product development project.
    Benefit: The client received a refund of circa €11m after a full tax technical and scientific audit, with no adjustment to the claim.
  • Company: An Irish subsidiary of a US multinational in the pharma sector.
    History: A tax client of a Big Four firm that had not identified the potential to claim.. We reviewed the client’s eligibility and assisted them in filing a fair and audit-ready claim.
    Benefit: Following a full scientific technical, tax and finance technical Revenue audit, the client received a benefit of over €8m.

 

Engineering, energy & natural resources

  • Company: A group of four Irish companies within a large EU conglomerate, each operating in different sectors throughout Ireland.
    History: An existing tax client of KPMG, we prepared compliant claims for all relevant periods.
    Benefit: The client received a benefit of over €2m.
  • Company: An Irish subsidiary of a multinational in the refrigeration sector.
    History: The client filed a claim with assistance from their incumbent Big Four adviser. After the client received notification of a Revenue audit, we reviewed the claim and supported them through the audit process.
    Benefit: The client received a benefit of circa €600,000.
  • Company: An indigenous company in the plastics recycling sector.
    History: A tax client of a Big Ten firm that had not identified the potential to claim. After engaging with the client, we assisted them in filing a fair and compliant claim.
    Benefit: The client received a benefit of circa €250,000.
 

Financial services

  • Company: An Irish company in the financial services sector.
    History: An existing tax client of KPMG, we began working with the company when it undertook an internal systems development project.
    Benefit: The client received a tax credit of circa €10m.
  • Company: An Irish subsidiary of a US multinational in the financial services sector.
    History: A tax client of a Big Four firm that had not identified the potential to claim. After engaging with the client, we assisted them in filing an audit-ready claim.
    Benefit: The client received a refund of circa €8m.
  • Company: An Irish company in the financial services sector.
    History: A tax client of a Big Four firm that had not identified the potential to claim. After engaging with the client, we prepared a compliant claim.
    Benefit: The client received a benefit of circa €6m.

 

Food & drink

  • Company: An indigenous Irish company in the meat processing industry.
    History: We successfully managed an R&D audit by Revenue with no need for a settlement.
    Benefit: After supporting the client through an extensive Revenue technical audit, the clientreceived the credit on €12m of qualifying expenditure. 
  • Company: An Irish subsidiary of a multinational in the drinks sector.
    History: An existing KPMG client. We began working with the company when it commenced a product development project, and we have since filed audit-ready claims for each relevant period.
    Benefit: The client received a benefit of circa €3m. 
  • Company: An Irish company in the bakery products sector.
    History: An existing tax client of KPMG, we filed compliant claims for all relevant periods to date.
    Benefit: To date, the client has received a benefit of circa €2m.
 

Software & electronics

  • Company: An Irish subsidiary of a US multinational in the software sector.
    History: The client has an in-house tax team that had not identified the potential to claim. Since engaging with KPMG, the client has filed audit-ready claims.
    Benefit: The client received a benefit of circa €7m.
  • Company: An Irish subsidiary of a North American multinational in the communications software sector.
    History: A tax client of a Big Four firm that had not identified the potential to claim. After engaging with the client, we assisted them in filing a compliant claim.
    Benefit: The client received a cash refund from Revenue of circa €3.2m.
  • Company: An Irish subsidiary of a US multinational in the software sector.
    History: An existing tax client of KPMG, we assisted the client in filing compliant and fair claims for all relevant periods to date.
    Benefit: The client received a benefit of circa €2.5m.

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R&D Tax Credits

Accounting for R&D tax credits.

 
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