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Thursday, 18th April 2024
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R&D credits - some good news for financial services companies Back  
Given the turbulent times that the financial services industry is currently experiencing, it is perhaps surprising to discover that a potentially large tax refund may be left unclaimed by financial services companies who are, unknown to themselves, engaged in Research & Development (‘R&D’) activities that could qualify for a generous tax credit. With the ‘cash is king’ mantra becoming more important for all businesses, we would expect the uptake of the R&D Tax Credit to increase significantly over the next few years. Damien Flanagan highlights the opportunities for financial services companies particularly in light of the Minister’s announcements of increased incentives in this area in the Budget.
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