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Four years of planning for the eventual exit of Britain from the EU has given time for Irish companies to contemplate their strategies. One thing is for certain, an increased focus on research and development (R&D) will give Irish companies a competitive edge in the UK and elsewhere.
With managerial concerns ranging from increased costs of imports for manufacturing to how to enter new markets abroad, the boardrooms have been busy.
Investment in the development of innovative and value-added products and improved services and processes are key measures Irish companies have taken on board. Activities include.
Irish SME’s are faced with the reality that they must compete in this post-Brexit climate against much larger players with more resources to invest in innovation.
It is therefore vital for these companies who undertook technical innovation activities relative to the company’s current products/processes; to get back the R&D Tax Credit of 25% of qualified expenditure to sow back into the business.
To take advantage of the R&D Tax Credit in Ireland, please contact the experts at Braithwaite Ireland today.