R&D - EY

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R&D. Tax incentives An IDA Perspective on Research & Development Leo Clancy, 10th September 2014. Where does IDA Fit? Department of Jobs, Enterprise & Innovation Building Irish Supporting Indigenous Supporting Multinational Academic Base Irish Companies Companies in Ireland 1. IDA Ireland Business Focus Information Communication Technology Global Business Services Life Sciences & Food High Value Engineering, Industrial &. Manufacturing Clean Industries Content Industry, Consumer Research, Development & Business Services & Innovation International Financial Services 3. Why is R&D Important? 4. Agency Supported Foreign Owned Companies .. .directly employed 172,326, and a further estimated 124,000 indirectly in 2013. .contributed 72 percent to total corporation tax revenues in 2012. .spent billion on materials and services sourced in Ireland (2012). .invested just under billion in R&D (2012) equating to over 70 percent of all business expenditure on R&D.

10 Agenda The R&D incentive in the current environment Overview of the R&D regime The science test The accounting test Overview of documentation requirements Putting a framework in place How to prepare for a Revenue audit Page 27 10 September 2014 Optimising your R&D incentives The R&D incentive in the current environment The R&D incentive in the current environment

  Incentives, R amp d, R amp d incentive