R&D tax credit: attractive incentive but not without its drawbacks
Some 2,600 firms availed of incentive in 2019 alone, claiming credits worth €650m
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Some 2,600 firms availed of incentive in 2019 alone, claiming credits worth €650m
Ireland’s vaunted 12.5% rate has been a key tool in its industrial policy, attracting several major pharmaceutical and tech giants to its shores, from Pfizer...
EY UK&I Advanced Manufacturing & Mobility Tax Leader Government borrowing has now exceeded £270bn in this financial year, according to the Office for National Statistics. While under normal circumstances, this may have raised some eyebrows, we are still operating in unprecedented times. Despite the significant COVID-19 relief bill, further investment stimulus is required, and the UK manufacturing sector will be hoping this is reflected in tomorrow’s Budget announcement. An effective pro-manufacturing tax policy is needed not only to sustain the economy and help support employment in the se...
à Expand Over the past several decades Ireland has created a rich and vibrant medtech ecosystem that plays a substantial role in the global industry. Undoubtedly, recognition of the significant accomplishments achieved to date is duly deserved for a country of just five million people, which fuels some of the worldâs largest medtech companies with its leading research and manufacturing operations. The sector currently employs around 32,000 people across more than 300 companies, with direct exports of medical products to 95 of the top 100 countries (ranked by GDP), amassing...
Wicklow man Mark O'Sullivan has been appointed as new Partner of Research (R&D) and Development Incentives practice at BDO Ireland. The appointment by Ireland's leading audit, tax, advisory and consultancy firm marks the first appointment of a dedicated research and development incentives partner with primary science and technology qualifications in Ireland. Before moving to Dublin to pursue his career, Mark lived in Wicklow town and played for the Wicklow Rovers senior team in the Leinster League for a number of years. He attended The Abbey Community College. He has since gone on to become...