About ReaDI-Watch

ReaDI-Watch has been described as a company’s “Google Maps” for R&D and Innovation by setting companies in the right direction. On ReaDI-Watch, supported by our team of experts, you can digitally establish your R&D and Innovation as a management function in your business. Auto-reports for R&D tax credits, team & time management, grant funding draw-down supports and RD&I strategy templates & guidance are just some of the features ReaDI-Watch has to offer, which saves time & headaches for teams building a lean & traceable RD&I function.
ReaDI-Watch allows companies to track and manage their R&D Projects in real time and claim R&D tax credits year on year. ReaDI-Watch helps companies meet the requirements for the “science” test for R&D tax credits.
ReaDI-Watch can integrate with many other Management tools such as Xero or Jira to automatically populate the platform with relevant Data for your Technical Report.
ReaDI-Watch can also help identify and record   new IP assets that have been involved or discovered in the R&D Project and help companies leverage these assets.
 
A company may qualify for the R&D Tax Credit if:

• it is within the charge of CT in Ireland
• it carries out qualifying R&D activities in Ireland or the European Economic Area (EEA)
• the expenditure does not qualify for a tax deduction in another country

 

What does it mean for a company in financial terms?

Qualifying R&D expenditure will generate a 25% tax credit for offset against corporate taxes in addition to a tax deduction at 12.5%. This means that companies undertaking qualifying R&D can claim a refund from the Revenue of €37.50 for every €100 worth of R&D expenditure. This is hugely valuable for companies who often use this credit to fund future R&D investment.