Ireland 
USA Research and development tax credits: once a life-line for many fintech businesses is now leaving doubt and uncertainty. As HMRC tries to tackle the estimated £1.3bn lost to error and fraud by introducing additional filing requirements with strict and excessive compliance checks, many innocent and highly innovative businesses are getting caught in the crossfire.
There is still hope and many fintech businesses continue to receive their R&D tax credits promptly. However, it’s now more important than ever to ensure your R&D tax claims are robust and compliant.
Furthermore, as the focus for most fintech businesses has changed from ‘growth at all costs’ to profitability, we explore other incentives that are being used to fund innovation.
In our presentation, we explore the changing R&D landscape, mitigating risk and Patent Box.
By watching this recording you will hear us discuss:
• The R&D tax regimes – present and future
• Qualifying cost categories
• Data and cloud computing costs
• Refocusing the reliefs towards innovation in the UK
• Tackling abuse and improving confidence
• Examples of eligible R&D activities within the fintech industry
• Evelyn Partners R&D claim process
• The potential next step – Patent Box
RISK WARNING
Investment does involve risk. The value of investments and the income from them can go down as well as up. The investor may not receive back, in total, the original amount invested. Past performance is not a guide to future performance. Rates of tax are those prevailing at the time and are subject to change without notice. Clients should always seek appropriate advice from their financial adviser before committing funds for investment. When investments are made in overseas securities, movements in exchange rates may have an effect on the value of that investment. The effect may be favourable or unfavourable.
Speakers
Shuab Kunwar
Business tax
He has advised a wide range of clients across many industries and sectors, including technology, media, telecoms, retail, automotive, construction, oil and gas and manufacturing on how best to secure R&D tax credits for their eligible software development activities. He possesses significant experience in supporting clients with capturing eligible costs through the identification of both obvious and non-obvious areas of R&D, while reducing the risk of HMRC challenge and minimising the amount of time that will need to be spent on the R&D claim process.
Sahdia Raja
Business tax
Sahdia is a Corporate Tax Incentives Specialist with over 10 years’ experience helping businesses to improve their cash flow by accessing various incentives including R&D and Patent Box.
Sahdia’s background in accounting and corporate tax together with scientific research enables her to align with both technical and financial teams to facilitate and optimise incentive claims and elections. Sahdia’s experience spans businesses of varying sizes and across most industry sectors including data management, fintech, media, telecoms, retail, automotive, pharma, agriculture, construction and water and utilities to name but a few.
