Government Grants, Credits & Incentives
Planning and Executing a Winning Government Incentive Strategy
National, regional and local authorities offer a variety of fiscal and non-tax incentives to encourage and attract investment in innovation, research and development (R&D), infrastructure, job creation and sustainability. In addition, offering government grants and incentives helps nations to promote a broader and more dynamic range of policy priorities.
Climate change has inspired several governments to offer tax incentives in the form of carbon offset trading or carbon credits to incentivise sustainable development and innovations that reduce emissions and increase energy efficiency.
Deloitte's network of 1,000 specialists on government grants, credits and incentives can help to develop and execute an effective end-to-end government incentive strategy. This includes working with you to develop internal processes and structures to analyse the appropriate opportunities to help taxpayers apply for and claim government grants, credits and incentives (C&I).
Build internal capacity to understand, analyse and capture government incentives
The ability to implement government incentive strategies - strategies that provide a positive return on investment - is based on reliable, responsive internal processes. Deloitte's clients succeed in this by building their internal C&I knowledge and capabilities. This includes developing a governance structure to analyse opportunities, identify dedicated resources, involve stakeholders in decision-making and invest in technology to simplify and accelerate C&I compliance activities.
Our team works with you to implement an effective governance structure. One that identifies C&I process owners and project managers, as well as a communications approach that ensures alignment of client stakeholders, including representatives from Tax, Government Relations, Legal, Treasury, Finance and Operations on applicable opportunities. Our specialists work with internal leaders to assess and quantify the impact of incentives on your broader tax, financial and commercial objectives. Deloitte's deep technical tax knowledge combined with the sector and project experience of academics and engineers can uncover complications and uncertainties you need to weigh up before applying for a statutory credit, incentive or government grant programme.
Given the large number of C&I schemes available, it is critical to leverage technology to make the assessment, application and monitoring of processes more efficient. Deloitte's proprietary web-based solution, myInsights Government Incentives (myGI), helps taxpayers realise value, improves process efficiencies and helps manage regulatory compliance.
Supporting your application and post-application audit processes
Once an applicable government grant, tax credit or R&D incentive has been identified, Deloitte can assist with every step of the application process, from understanding the sensitivities of the grant-making organisation and analysing the application requirements to creating compliant application documentation that makes it easier for decision-makers to review and accept.
Deloitte's specialists understand that C&I's programmes may be subject to intense regulatory scrutiny. Our network is made up of former regulatory officials who have a deep understanding of regulatory processes and audits and who are committed to helping taxpayers understand and navigate regulations. Deloitte can anticipate questions and concerns and assist you in resolving issues or requests for information and in complying with post-application audits.
Understanding C&I's ecosystem can be technically challenging and time-consuming, but it's well worth the effort. Jurisdictions around the world rely on a constant flow of capital investment to strengthen their economies and advance their priorities. C&I is an important element in attracting these investments. Organisations that leverage government credits and incentives expand their tax management strategies while supporting government policy priorities and necessary innovation.
