049: R&D Tax Relief and how can help your brokerage - with Justine Dignam

<p align="justify">Is your brokerage fully maximising the support you can give your clients and any changes they have had to make to their process during COVID? Have you had to innovate your business in any way? What relief could you and your clients be eligible for? On today's episode, we’re excited to be chatting to Director of Incentives and Reliefs at Markel, Justine Dignam. Justine is responsible for driving the development, growth and management of the tax incentives and relief division of Markel Tax. She joins us to discuss who, why, how, when and what is R&D Tax Relief and how it applies to the insurance industry.</p> <p align="justify"> </p> <p align="justify">LEARNING OBJECTIVES:</p> <ul><li> <p align="justify">There are tangible ways in which insurance brokers and clients of insurance brokers should be looking at their tax position.</p> </li> <li> <p align="justify">R&D Tax Relief is provided by the UK government and is one of the UK’s most generous tax reliefs.</p> </li> <li> <p align="justify">There are 6 million businesses classified as UK SMEs and only 60,000 claim enough for R&D Tax Relief – this means a lot of businesses are not aware of this.</p> </li> <li> <p align="justify">If you’ve recently pivoted your business and you’ve had to develop processes, planning and testing into your development, it’s worth having a conversation about R&D Tax Relief.</p> </li> </ul> <p align="justify"> </p> <p align="justify">BEST MOMENTS:</p> <p align="justify">‘’The analogy that I always work with is a little bit like if you've got heart condition and you went to your GP and said, I really feel that I've got a problem with my heart, you certainly wouldn't expect your GP to say ok, hop on the bed, and I'll take a look - you would expect that they would refer you to a cardiologist to give you specialist advice. That's how we work with our referral partners throughout the UK.’’</p> <p align="justify"> </p> <p align="justify">‘’Going back to that uncertainty, that's really very important because arou