Leveraging the R&D Tax Incentive for your Innovation

CONCLUSION

• Is R&D record keeping being updated regularly enough • Is external validation required • Do you need to improve time recording practices – particularly for senior team members • Do IP agreements need to be revisited • Will any shareholding changes occur that could change group turnover • If you intend to sell the results of the R&D, will this cause a tax consideration • Are external media releases appropriately considering R&D • Do you need to update accounting practices to better track R&D costs • Have you considered R&D Tax debt funding options