The business of R&D: How intellectual property can reduce your tax bill

Presented by

Brian Williamson, Managing Director of Jumpstart | hosted by Ruta Sudmantaite at patsnap.com

About this talk

R&D is an expensive business – Last year alone, UK companies invested £16.5 billion into research and development, which accounted for 4% of the total global spend. While 25% of R&D spend came from the higher education sector and 7% from Government and Research Councils, the majority - a massive 66% of this investment, was made by businesses. But there are easy ways that these companies could be accessing even more money to invest in R&D. Of course R&D delivers benefits in the form of process efficiencies, new products, intellectual property which can be protected and monetized, and is a is source of long term competitive advantage. But the UK government also encourages R&D through significant tax benefits – so why are so many businesses still not claiming enough tax relief for R&D? Brian Williamson, Managing Director at Jumpstart, the UK’s leading tax credit specialists, joins us for this webinar where he will discuss: - Why the government cares about R&D investment - The common “white coat” misconception companies have about R&D - How to get your accountant or auditor to think like a scientist - Why companies ranging from startups to multinational companies are leaving money on the table and the options available for claiming it back. This webinar is essential for any R&D leaders wanting to know more about how to manage their R&D budgets more effectively.

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