Webinar: The future of client-led R&D and what this means for FIS members

Event Details

Date: 1 March 2022
Location: Online
Time: 12:00 – 13:00

Innovation is an essential business priority for our sector. But innovation requires capital intensive investment. It’s here where R&D tax relief can help. The incentive is, however, undergoing a significant transformation.

As you may know , HMRC recently argued that R&D paid for by a client is, in effect, subsidised. Subsidised R&D expenditure is not eligible for SME R&D tax relief.

The result is that construction businesses are being denied potential six-figure R&D tax credit benefits. But all is not lost: ForrestBrown has challenged HMRC in court on behalf of clients and won.

But this issue is not settled. HMRC can – and likely will – continue challenging businesses on this front. So, what next for FIS members?

To help unpick the issue and provide up-to-date guidance, ForrestBrown are hosting a webinar on how to use R&D funding to your competitive advantage.

 Join ForrestBrown associate director Chris Alderson CTA to learn:

  • Why fit-out firms undertaking customer-led R&D are at risk.
  • How to manage direct challenges from HMRC on customer-led R&D.
  • How R&D tax relief remains a valuable form of funding when approached correctly.