BSA associate RSM is holding a webinar for building society and credit union members on research and development (R&D) tax credits and the impact they could have on businesses. RSM will give a brief introduction to R&D tax credits, recent successful case studies in the sector, the current landscape and potential changes in the future.
With businesses across the globe struggling to adapt and survive in a COVID-19 landscape, tax incentives continue to offer a way to boost cash reserves available to reinvest. R&D tax credits are part of the UK government’s strategy to encourage investment in innovation and HMRC continues to encourage businesses investing in UK based innovation to take advantage of this generous tax relief. Despite the constant need for innovation and bespoke solutions, there are two common, wrongly-held assumptions made by businesses:
- they do not undertake any qualifying R&D activities; and
- it is too difficult to make a successful claim
The government has announced its intention to raise total investment in R&D to 2.4% of GDP by 2027. R&D tax reliefs have a key role in incentivising this investment by reducing the cost of innovation, and it is therefore essential to ensure the reliefs remain up to date, competitive and well targeted.
The government has also issued two consultations on the area including one on bringing in data and cloud computing costs into the scope of the reliefs, the results of which could be of interest to members.
The webinar will be hosted by Sheetal Sanghvi, partner and head of the central region R&D team at RSM.
It will start at 11am and last for approx. 1 hour.
Please note that the event will be held on a Microsoft Teams platform.
Free of charge - for building society and credit union members only
To register, please email email@example.com
Note: Registering for this event will add you to a public calendar invite making your name and email address visible to other attendees. Please do not register if you do not consent to this.
Details on how RSM process personal data can be found here.