- News & Events >>
- PRESS ROOM >>
- Media Coverage
Media Coverage
- 18/01/2012
-
Get the Credit Your R&D Deserves
Media: Enterprise Ireland's Technology Ireland Magazine
Published: January 2012Introduction:
Despite an increased awareness of the R&D Tax Credit among Irish companies, many still fail to claim their full and proper entitlement under what is potentially, a very valuable scheme. With the changes recently announced as part of Budget 2012, the value of the scheme to companies is set to be enhanced further. Some companies are unaware of the wide range of activities that can qualify for the tax credit and lose out. Other companies fail to properly assess the eligibility of their R&D activities, to identify the correct start/end dates of qualifying R&D activities or to maintain proper supporting documentation and leave themselves open to adjustments further down the line.
Read the full article, courtesy of Technology Ireland.
- 08/11/2011
-
ICT and the R&D tax credit
Media: ComputerScope
Published:10th October 2011Extract:
"Companies in the information and communications technology (ICT) sector in Ireland are engaged in an ongoing process of innovation.... There is potential for activities undertaken by ICT companies to be included in an R&D tax credit claim..."Read the full article, courtesy of ComputerScope
- 05/10/2011
-
The R&D tax credit – more important than ever
Media - Business & Finance Magazine
Published 30th September 2011Extract:
"The R&D Tax Credit has played an integral role in the level of R&D activities being undertaken in Ireland. While our 12.5% corporation tax rate continues to grab headlines, the relevance of our R&D Tax Credit scheme in the investment appraisal process of companies should not be underestimated. As Ireland seeks to re-invent itself as the innovation hub for the 21st century, incentives that promote the carrying on of R&D will assume an even greater importance...."Read the full article courtesy of Business & Finance Magazine.
- 21/09/2011
-
Online Article -
Media - BizStartUp.ie
20th September 2011
Extract:"R&D incentives experts Leyton are hosting a seminar for Irish companies on the R&D Tax Credit scheme and R&D grant funding as part of the 2011 Innovation Dublin Festival.
“Companies that innovate have in most cases fared much better during this economic downturn than their counterparts that have failed to allocate the necessary resources, both financial and human, to activities such as R&D,” said Eoin Brennan, consultant manager at Leyton."
Read the full article courtesy of BizStartUp.ie
- 20/09/2011
-
Event Spotlight: Innovation Dublin
Innovation Dublin have highlighted our October event as their spotlight choice this week: http://www.innovationdublin.ie/festival/2011/
- 15/09/2011
-
Have you claimed your tax relief?
Media - ShelfLife Magazine
September 2011Extract:
"Much has been made in recent times of the resilience being shown by the food and drink sector during the economic downturn. Headlines such as the 11% increase in the value of food and drink exports in 2010 (to reach an estimated €7.88bn) have been well received at a time when success stories are in short supply. The reasons put forward for these impressive results are as wide and varied as the companies that operate within the sector. One contributing factor that has become increasingly evident is the level of innovation being carried out in the sector...."To read the full article courtesy of ShelfLife magazine, click here
- 31/07/2011
-
Credit worthy? Getting funding for your R&D
Media - The Engineers Journal
Volume 65: Issue 4 July/August 2011Extract:
"If there is one issue above all others that has impacted companies in Ireland in recent years it is funding, or more to the point, the lack of it. Internal competition within companies for limited resources has, at times, become almost as fi erce as that which exists when products and services make it to market. Unfortunately, it can be engineering departments that are hardest hit by cutbacks, be it layoffs or reduced budgets. Given that the engineering department is often the source of the inspired thinking that leads to new and improved products and processes, this has been a most unwelcome consequence of the economic downturn..."To read the full article courtesy of The Engineers Journal, click here
- 13/12/2010
-
Report: Managing Intellectual Property – “Creating a safe haven for bright ideas”
Media – The Irish Times
13 December 2010Extract:
“....R&D is a often a precursor to the application of IP, and the R&D Tax Credit legislation means companies can deal with IP overheads in a more efficient manner, says Andrew O’Reilly of Leyton, a financial and technical consultancy whose specialities include R&D finance. The Irish system is clever and competitive without being market leading, but it more than holds its own in terms of ensuring that high-tech employers remain interested in staying loyal to Ireland, O’Reilly says.....”To read to full article courtesy of The Irish Times – click here
- 13/12/2010
-
Online Article – “The digital business week'
Media – Siliconrepublic.com
13 December 2010Extract:
“...Leyton Ireland has said Budget 2011’s failure to enhance the R&D tax relief offering “may cause companies to question (Ireland)’s seriousness about repositioning itself as a global innovation hub.”The consultancy firm, which specialises in optimising R&D incentives, said that simply managing to keep the tax credit should not be considered “a successful outcome....The firm also feels that the 12.5pc corporation rate is not enough to ensure that levels of foreign direct investment into Ireland are maintained and increased...”
To read to full article courtesy of siliconrepublic.com – click here
- 09/12/2010
-
Online Article – R&D tax relief an issue, says Leyton Ireland
Media – Bizstartup.ie
December 2010Extract:
“...Leyton Ireland has said that the Budget’s failure to enhance the R&D tax relief offering “may cause companies to question this country’s seriousness about repositioning itself as a global innovation hub. The consultancy firm, which specialises in optimising R&D incentives, said that simply managing to keep the tax credit should not be considered ‘a successful outcome’....”To read to full article courtesy of bizstartup.ie – click here
- 09/12/2010
-
Online Article – No changes to R&D Tax Credit could damage competitive edge – Leyton
Media – Siliconrepublic.com
9 December 2010Extract:
“...We were hopeful that the Government would use this Budget to put their words into action,” said Eoin Brennan, consulting manager at Leyton. Enhancements to the current R&D tax credit regime would have made such an impact. However, this has not happened. In the meantime, other countries are consistently developing and enhancing their R&D tax relief incentives, he said...”To read to full article courtesy of siliconrepublic.com – click here
- 22/11/2010
-
Online Article – Leyton calls for enhanced R&D Tax Credit for upcoming Budget
Media – Siliconrepublic.com
22 November 2010Extract:
“...Leyton has called on the Irish Government to not only protect the R&D tax credit in the upcoming December Budget, but enhance it in order to head toward economic recovery. This comes in light of the current political and economic turmoil facing the country, after the Irish Government accepted a bailout package from the EU in the region of €80bn and €90bn.Leyton has said the current legislation, while helpful, needs to be expanded on in order to lead Ireland into economic growth and high-value job creation...”To read to full article courtesy of siliconrepublic.com – click here
- 04/11/2010
-
Online Article – Leyton to hold R&D incentives seminar
Media – Siliconrepublic.com
4 November 2010Extract:
“...Research and development finance firm Leyton, in association with Enterprise Ireland, will host a seminar on Irish R&D incentives and on how these can help grow a business in light of Innovation Dublin. Leyton will highlight the R&D Tax Scheme and Enterprise Ireland will discuss R&D grants available for Irish businesses. Ergo and I-Tab will also speak at the event to share theirstories...”To read to full article courtesy of siliconrepublic.com – click here
- 09/07/2010
-
Newspaper Article – R&D tax credit regime puts Ireland in the spotlight
Media – The Irish Times
9 July 2010Extract:
“....While the regime may be ripe for changes, Emma Fidgeon-Kavanagh, financial expert with Leyton Ireland, still urges companies to give some serious consideration to the R&D Tax Credit scheme as gains to be achieved in this regard are potentially now much more materially relevant than ever, she notes given the economic environment....”To read to full article courtesy of The Irish Times – click here
- 01/07/2010
-
Online Article – EU R&D funding not just for 'white-coated engineers'
Media – Business and Leadership Online
July 2010Extract:
“...Irish companies should not be misled by the perception that R&D funding on offer from the EU is confined to white-coated engineers, and they should also take advantage of the Government’s ambition to make Ireland one of the world’s leading locations for R&D activity, R&D finance experts Leyton have said...”To read to full article courtesy of Business & Leadership Online – click here
- 01/07/2010
-
Online Article – Customer loyalty rewarded with tall ship trip
Media – Business and Leadership Online
July 2010Extract:
“...Consulting firm Leyton Ireland will be rewarding customer loyalty tomorrow with an exclusive sea excursion on tall ship, the Belem, which is in Dublin this week as part of Ireland’s first French Week...”To read to full article courtesy of Business & Leadership Online – click here
- 05/02/2010
-
Newspaper Article - Measures fall short on R&D, say tax experts
Media – The Irish Times
5 February 2010Extract:
“....Emma Fidgeon-Kavanagh of consultants Leyton Associates said a provision allowing for a concession in the calculation of the base year for RD tax credits where a company closes one of its RD centres could have been more innovative.
“There were many ways in which the credit could have been enhanced to benefit a wider spectrum of innovative companies,” she said, pointing to PRSI set-off or enhancements to the payable tax credit as examples....”To read to full online version of this article courtesy of The Irish Times– click here
- 01/02/2010
-
Online Article – Changes to R&D Tax Credit Regime – A Missed Opportunity?
Media – Business and Leadership Online
February 2010Extract:
“...The extension of the R&D tax credit system, which was contained in the Finance Bill 2010 published by the Government yesterday, will not dramatically enhance the attractiveness of the R&D tax credit to either SMEs or large companies in Ireland, R&D Finance experts Leyton have said....”To read to full article courtesy of Business & Leadership Online – click here
- 01/02/2010
-
Online Article – Accountants Slam Finance Bill
Media – Business Plus Online
February 2010Extract:
“....R&D tax specialists Leyton noted that the existing R&D Tax regime has been amended to cover situations where a company carries out R&D activities in different facilities in separate geographical locations....”To read to full article courtesy of Business Plus Magazine – click here
- 01/12/2009
-
Special Report: Financial Restructuring – Taking Stock
Media: Chambers Ireland InBusiness Magazine
Winter Edition, December 2009Extract:
"...Companies are truly feeling the impact of the recession with many finding cutting costs and identifying substantial savings a key challenge for 2010”, says Tanguy Morel, Director with Leyton......According to Morel, telecommunications is a key area where companies can introduce significant savings. “Companies should consider whether or not their telecoms estate is being maximised effectively”, he advises. “More and more companies should be comparing prices with other suppliers, switching where appropriate, and renegotiating for better prices with their current providers...."
The above extract is courtesy of the Chambers Ireland InBusiness Magazine- December 2009 Edition
- 01/12/2009
-
Online Article – Expect changes to R&D Tax Credit regime in Finance Bill - Leyton
Media – Business and Leadership Online
December 2009Extract:
“...According to Leyton, the Commission of Taxation report published in September this year gave a strong recommendation towards this enhancement of the credit, while Minster for Enterprise, Trade and Employment Mary Coughlan TD also hinted at this possibility in her post-budget speech last week.....If this change was to be implemented, it would be much more beneficial for some companies, particularly those that are members of an international group and whose performance is judged before tax. To this end, the Irish R&D Tax Credit, which affects the after-tax position of a company, is not considered when making investment decisions,” said Tanguy Morel, General Manager at Leyton...”To read to full article courtesy of Business & Leadership Online – click here
- 01/11/2009
-
Magazine Survey – Taxing Matters
Media: Business Plus Magazine
November 2009Extract:
“...In the past, many qualifying companies neglected to claim valuable R&D tax credits to which they were entitled. The recession combined with the introduction of a cash payment incentive has brought increased interest to claiming...However, the benefit is somewhat watered down by its protracted instalment mechanism. It is clear that there is still room for improvement to make it more attractive for companies to claim”......“A claim for an R&D tax credit is typically a high detailed body of information and this year, the manner in which claims are dealt with has been challenging. In mid-November 2008, the budget recommendations shortened the timeframe within which R&D tax credit claims must be made from four retrospective years to 12 months”....
The above extract is courtesy of the Business Plus Magazine- November 2009 Edition
- 01/11/2009
-
Magazine Article – How to improve the R&D Tax Incentive
Media: Business Plus Magazine
November 2009Extract:
“...Finance Minister Brian Lenihan should use the upcoming budget to plug the gaps in what could be an exceptionally attractive body of clever taxed based legislation which will have long-term value for the country”......“Last year the French Government introduced s ‘recession buster’ payable tax credit (...). Mr Lenihan should follow this lead and introduce a full lump sum refund of the payable tax credit...(...)...The Minster should consider abolishing the base year rule entirely so as to generate an immediate and material economic stimulus for a larger number of high value employers. (...). Curently a company making a claim in respect of qualifying R&D expenditure must submit the relevant application to the Revenue Commissioners within 12 months of their accounting period. Such a constraint is proving to be administratively difficult for many of our clients....An extension of the existing 12 months to 24 months would provide assistance to laimants to plan and put in place the administrative processes required to submit a complete and correct application....”
The above extract is courtesy of the Business Plus Magazine – November 2009 Edition
- 01/11/2009
-
Online Article – Call on finance minister to improve R&D tax credit regime
Media – Digital 21 Online
November 2009Extract:
“...Cost-optimisation consultants Leyton said that while existing tax legislation in this area is helpful, it offers opportunities for qualifying companies to reduce their corporate tax bill or claim a payable tax credit (refund)...”To read to full article courtesy of Digital 21 – click here
- 01/01/2009
-
Newspaper Article – Opportunity knocks for entrepreneurs
Media – The Sunday Business Post
January 2009Extract:
“...For those who do take the plunge and become their own boss, tax incentives are available in certain cases. Tanguy Morel, a partner at tax consultancy firm Leyton Associates, said a research and development tax credit allowed start-up companies to receive cash instead of a corporation tax deduction. Companies that commence trade in 2009 will have a full exemption from corporation tax for the first three years,” said Morel...”To read to full online version of this article courtesy of The Sunday Business Post – click here
- 19/12/2008
-
Newspaper Article – R&D tax credits now more generous
Media – The Irish Times
19 December 2008Extract:
“...Moreover, from January 1st, the credit is set to increase to 25 per cent, while the introduction of a payable tax credit will be of significant benefit to smaller companies and start-ups, which are not yet paying corporation tax, says Tanguy Morel, a partner with Leyton Associates...”“...This is very good news for smaller companies and pre-revenue start-ups who are spending on RD, as they can now get the benefit," he says. In order to qualify for RD tax credits, companies must comply with the "Frascati" definition of RD, which requires firms to satisfy four main conditions, says Morel:....”
To read the full article online courtesy of The Irish Times – click here
- 01/11/2008
-
Online Article – Firms urged to claim R&D tax credits before deadline
Media – siliconrepublic.com
November 2008Extract:
“...The protective claim is welcome news for companies that have not yet put their claim through,” explained Tanguy Morel, business development manager with Leyton Associates, a firm with 10 years’ experience in redeeming R&D tax credits worldwide. At least now companies will not be under as much pressure to get through the entire claiming process within the next four weeks”.To read to full article courtesy of siliconrepublic.com – click here
