Temporary myIR portal closure from 3pm, 21 October. Read more

Understanding the RDTI refundability rules

What's changed?

In 2019/2020 broader refundability rules were proposed for the RDTI, to apply from year two of the scheme (i.e. the 2020/2021 tax year). The COVID-19 Response Bill brings forward those rules to apply in the first year of the scheme (the 2019/2020 tax year).

If you’re in a tax loss position or don’t have enough income tax to pay to use all your R&D tax credits, you may now be eligible to have your R&D tax credits refunded in cash. Qualifying businesses can receive R&D tax credit refunds up to a cap based on labour-related taxes.

Read the fact sheet for details

Subscribe to keep up to date with the latest RDTI news and events.

Subscribe Now

Join our R&D community and be notified about the latest RDTI developments and R&D news.