Exploring the R&D Tax Credit and the Knowledge Development Box as it stands today.
Nationwide, Free, Half-day Clinics, exclusively for IRDG Members.
Radisson Blu Little Island, Cork
Thursdday, 4th October – R&D Tax Credit Clinic (9am to 1pm), KDB Clinic (2pm to 4pm)
As we continue to move around the country with our popular clinics we move south to Cork this October. These clinics are a great way for members to keep up to date with ongoing developments to the schemes, and to share experiences with other companies.
Member companies are welcome to send along multiple employees.
The facilitators on this occasion will be Denis Hayes, IRDG, together with KPMG.
R&D Tax Credit Clinic – 9am to 1pm
Supporting an R&D Tax Credit should not be a retrospective exercise. Having access to complete, up-to-date and accurate information on the two key tests – the science test and the accounting test – is critical. The implementation of systems and procedures for the capturing of relevant supporting documentation further strengthens your claim.
These clinics are aimed at those responsible for managing and recording R&D activity for the purposes of claiming Tax Credits. These clinics therefore are suited to those in Finance and in the Technical functions – all parties to a tax credit claim. The goal is to help companies become more independent in the management of claims, and to be fully prepared so as to defend the claim in the event of audit.
Knowledge Development Box Clinic – 2pm to 3.30pm
Are you considering the feasibility of the KDB? The KDB incentivises all Irish companies (SMEs & multinationals) that, through Irish Research and Development efforts, create exploitable intellectual property (IP). Qualifying IP is IP generated as a result of R&D activities carried on in Ireland which would qualify for the R&D tax credit.
From 1 January 2016, the Knowledge Development Box (“KDB”) has been available to companies who generate income from qualifying IP which is linked to R&D activities carried out by the company in Ireland. The KDB offers an effective corporation tax rate of as low as 6.25% on “qualifying profits” arising from the exploitation of the qualifying IP (e.g. patents, patent equivalent for SME or copyrighted software).
The KDB will only be granted where the qualifying assets are the result of qualifying R&D activities. The definition of “R&D” for KDB purposes mirrors the definition of “R&D” for the R&D tax credit. This clinic will look at the following areas:
- Overview of the scheme and how it works
- What IP qualifies
- Relevant KDB Definitions
- Examples of different KDB situations
- Documentation requirements/ track and trace
- Revenue experts
CPD – Continuing Professional Development
IRDG is a member of the CPD Certification Service.
A CPD certificate of attendance will be available to attendees after the event for anyone who wishes to avail of same.
Book your Place
Member companies are welcome to send along multiple employees. No charge applies.