Are you interested in boosting your R&D budget? Read on for an event just for youÂ
TBAT Innovation is hosting a free R&D Tax Credits breakfast event at the Manufacturing Technology Centre, Coventry. This event is focused on providing companies with an overview of the R&D Tax Credits scheme and how this can be claimed. This scheme is beneficial to any company performing R&D (new products, services and processes) and many are under valuing their claim or not claiming at all!
Date  8.30am 24th May 2016
Agenda
- 8.30am  Registration  breakfast and refreshments available
- 9.00am  Introduction
- 9.15am  What are R&D Tax Credits?
- 9.45am  How to claim R&D Tax Credits?
- 10.00am  Case studies
- 10.15am  Q&A
- 10.30am  networking and 1-2-1 sessions available
Venue
The Manufacturing Technology Centre
Ansty Park, Coventry, CV7 9JU
Free parking available on-site
What are R&D Tax Credits?
There is a general misconception that R&D only applies to work done in science labs but the vast majority of companies are performing R&D each and every day.
If you are developing new products, services or processes which are new to the company and not available in the public domain, then you are performing R&D. This means the money the company spends to complete this R&D can be offset against your corporation tax bill with HMRC, which can reduce the tax you pay or even get a cash lump sum back.
Eligible spend applies to a number of R&D categories:
- PAYE Salary spend proportional to time spent on R&D
- Subcontractor spend associated with R&D activity
- Material spend associated with R&D activity
- Externally provided worker cost proportional to the time spent on R&D
