CPDStore Ireland

Oct 5, 10:00

Capital Allowances & R&D Tax Credits Update - October 2023

Speaker: Peter Gibbons & Paul Smith - Grant Thornton

Capital allowances are a form of tax relief for capital expenditure incurred on certain assets. Similar to depreciation, the relief is a write off of the expenditure over a certain period for certain assets in use for the purposes of the trade or rental business.

In the first part of this session Peter Gibbons will cover the following topics;

• Why consider Capital Allowances?
• Who can claim Capital Allowances?
• What expenditure qualifies?
• How do you benefit from claiming?
• How soon do you benefit from claiming?

The purpose of the R&D tax credit regime is to encourage both foreign and indigenous companies to undertake new or additional R&D activity in Ireland. It is a very valuable relief for qualifying companies.

In the second part of this session Paul Smith will cover the following topics;

• Qualifying Companies
• Qualifying R&D expenditure
• How to claim?
• Finance Act 2022 changes to the R&D regime
• R&D Specified Return

Course Level: Intermediate

Oct 5, 12:10

Change The Only Constant - Navigating EIIS

Speaker: Rory O'Shea - Azets

In addition to the above, EIIS investors can receive a 40% income tax refund on their equity investment which also makes EIIS an attractive investment opportunity.

EIIS is a difficult and complex topic. EIIS legislation has seen a number of changes in past several years therefore it is important, if raising EIIS that all the tax conditions are satisfied. Companies seeking to raise EIIS funding require tax advice to ensure qualification and to avoid potential pitfalls for itself and its investors.

Given the changes over the past number of years, it has resulted in EIIS becoming complicated in certain scenario’s with particular difficulty arising in determining qualification for EIIS and exiting EIIS investors.
The risks associated with these changes have increased due to the removal of Revenue’s pre-approval process and move to self-assessment.

This course provides a greater understanding of the EIIS funding and legislative landscape and should provide the practitioner and /or business owner an appreciation of EIIS nuances and whether external advice is required.

Rory O’Shea will cover the following topics during this course:
• Background of EIIS
• Qualifying Company
• RICT Group
• Business Plan
• Types of Risk finance
• Qualifying purpose & investment
• Qualifying investor
• EIIS Exits & Clawbacks
• General Block Exemption Regulation (GBER) changes

By attending this session, you will understand:
• Current operation of EIIS,
• How companies & investors qualify
• The RICT Group
• The importance of well drafted and considered Business Plan
• The impact of EIIS exits to companies planning to raise further EIIS
• The recent changes announced in GBER

This session will be of particular interest to tax advisors, accountants and business owners.

Course Level: Intermediate