The future of client-led R&D and what this means for FIS members
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 delivered this webinar on how to use R&D funding to your competitive advantage.
What you will gain from this webinar:
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.