Global Investment and Innovation Incentives (Gi3)
Identifying eligible R&D activities
In most countries and industry sectors, an elaborate system of financial incentives is available to fuel your R&D, innovation and other business investments. These incentives are available for both domestic investments and growth opportunities abroad. The multitude of opportunities becomes more complex when you consider that within each country, local and regional governments have the authority to fund incentives of their own. Identifying, understanding and prioritising the right incentives for your organisation can be a time-consuming and challenging undertaking—but it's also one that can generate significant benefits. The Deloitte network gives you access to Global Investment and Innovation Incentives (Gi3) professionals who are ready to provide support around the world. Our world-class capabilities help you pursue the right by developing and executing an effective incentives strategy for your needs.
Our services
Why Deloitte?
How we can help
Identifying and successfully applying for suitable incentives and all qualifying R&D activities can be challenging for businesses of all sizes. This coupled with the increasing demand for robust R&D processes, supporting technical reports, as well as risk of regulatory scrutiny, mean that the administrative burden on claimants is growing.
Does your business:
- Have significant R&D activities in Ireland?
- Manage multiple technical teams reporting centrally?
- Manage multiple cost/profit centres for R&D activities?
- Have separate unconnected R&D locations?
- Have difficulty reporting R&D costs on Enterprise Resource Planning (ERP) application?
- Have qualifying R&D activities outside your core R&D cost/profit centres?
In our experience, each of the factors above can present additional difficulty in preparing and defending incentives applications, in particular your R&D tax credit claims. If any of the above apply to you, our specialist team can assist in innovating new approaches and methodologies to improve the way in which you manage, measure and report on the qualifying R&D activities for the incentives available in Ireland and globally.
Gi3 can assist with all, or any one element, of your R&D incentives process:
- Scoping
- Educational workshops
- Qualifying activity identification
- iSmart (Deloitte’s bespoke R&D incentive management software)
- Document preparation
- Financial and tax analysis
- Claim submission
Deloitte combines deep tax technical expertise with highly experienced scientists and engineers. This knowledge is augmented by our industry-leading ISmart technology.
R&D incentive claims often receive intense regulatory and Revenue scrutiny. Gi3 can provide assistance in the resolution of any such audits as well as support related to claims. In short, we assist with information requests or objections from regulatory and granting bodies, in particular supporting client teams throughout the R&D Tax Credit Revenue Audit process.
