Yesterday, Tuesday 6th December, the Minister for Finance, Michael Noonan announced a number of changes to the Research and Development (“R&D”) Tax Credit scheme as part of the 2012 Budget. Leyton welcomes the fact that the significant contribution the R&D Tax Credit scheme has made to this country’s economy and the part it will continue to play in its recovery has once again been recognised. In addition, the changes announced yesterday, targeted as they were towards the SME sector, would appear to represent the initial, tentative steps towards the development of SME specific scheme, something we have been calling for at Leyton for some time.
Read moreIDA Ireland’s half year report shows that Ireland is on course to achieve its ambitious 2011 investment and employment targets. A large contributing factor to this is the year on year increase in the amount of International companies investing in Research, Development and Innovation in Ireland.
Read moreLeyton's 2011 Innovation Conference was a great success and many positives can be taken from Ireland's innovation performance to date and its prospects for the future...
Read moreOn the 26th May 2011, Leyton Ireland will host an Innovation Conference, supported by Vodafone, on the theme “Securing Ireland’s future through Research & Innovation”.
Read moreFine Gael seem to show an understanding of the importance of the R&D Tax Credit and are committed to improving the scheme should they become the next Government.
Read moreThere were no specific measures to the R&D Tax Credit introduced in the Finance Minister's 2011 Budget yesterday. Failure to enhance this incentive may cause companies to question this country’s seriousness about repositioning itself as a global innovation hub.
Read moreLeyton issue a press release regarding their R&D Tax Credit recommendations for the 2011 Budget which will be announced by the Finance Minister on December 7th 2010.
Read moreResearch & Development (R&D) finance experts Leyton, in conjunction with Invest Northern Ireland, will host an information seminar on R&D Incentives available for businesses in the region. It will take place at the Hilton Hotel in Belfast City on 18th November 2010 at 8.30am.
Read moreTelecoms spend has come to light recently as an area that is being taken advantage of by employees and state bodies
Read moreIn recent years, Ireland has punched well above its weight in attracting both domestic and foreign direct investment in the area of Research & Development (R&D). Since 2007, Irish research institutions, educational bodies and private companies have secured in excess of €213m in funding from the Seventh EU Framework Programme (FP7).
Read moreOne of Europe’s oldest tall ships still in navigation, the Belem, will pull into Dublin Port as part of Irelands first ever French Week taking place at the Docklands from 13th - 18th July 2010. Leading consulting firm Leyton Ireland (formally known as Leyton Associates) will take part in the festivities by commissioning the Belem for an entire day and taking their clients and important partners on an exclusive sea excursion.
Read moreR&D Finance experts Leyton will hold the fourth of their nationwide R&D breakfast briefings on May 13th at the Maryborough Hotel in Cork at 8.45am. This is a perfect opportunity for local businesses to gain valuable information about Ireland’s R&D Tax Credit Scheme and R&D grant opportunities. And it’s completely free!
Read moreR&D Finance experts Leyton will hold the third of their nationwide R&D breakfast briefings on April 29th at the Clayton Hotel in Galway at 8.45am. This is a perfect opportunity for local businesses to gain valuable information about Ireland’s R&D Tax Credit Scheme and R&D grant opportunities.
Read moreR&D Finance experts Leyton will hold the second R&D briefing of their nationwide seminar series on April 21st at the Clarion Hotel, Limerick at 8.45am. The first breakfast briefing kicked off in Dublin last week with many companies from varying industries turning up to seek valuable information on Ireland’s R&D Tax Credit Scheme and R&D grant opportunities.
Read moreFollowing the success of last week’s R&D breakfast briefing in the Alexander Hotel, Dublin, R&D Finance experts Leyton will continue the theme nationwide in the coming weeks.
Read moreR&D Finance experts Leyton kicked off its nationwide seminar series with great success today at the Alexander Hotel in Dublin. Companies from varying industries turned out this morning to gain an insight into the Irish R&D Tax Credit scheme and R&D Grants.
Read moreLeyton will commence by highlighting the R&D Tax Credit changes from recent Finance Acts and discuss their implications for companies. The cash refund will be a key topic as come companies will be able to avail of a valuable cash payment from Revenue as early as this September.
Read moreFinance Minister Mr Brian Lenihan today published the Finance Bill 2010 which gives effect to the taxation measures announced in last December’s Budget. The existing R&D Tax Credit regime has been amended to cover situations where a company carries out R&D activities in different facilities in separate geographical locations and the activities in one of these facilities is permanently discontinued.
Read moreEnhancements to the R&D Tax Credit regime are expected to be introduced in the Finance Bill early next year
While no new measures were announced in the 2010 Budget with respect to R&D Tax Credits (RDTC), the Minister did say that he looked forward to the report of the Innovation Taskforce, and that he would explore its recommendations in the context of the Finance Bill. Therefore, it is highly possible that further enhancements to the RDTC will be introduced in the Bill in early 2010.
Research & Development (R&D) tax credit specialists, Leyton Ireland, are calling on Minister Lenihan to introduce improvements to the R&D Tax Credit scheme in his 9 December Budget. 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), the reality is, in order to return Ireland to economic growth and high-value job creation, existing measures are not good enough.
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