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What is Research & Development Tax Relief?

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Materials Processing Institute

Eston Road

Middlesbrough

TS6 6US

United Kingdom

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WORKSHOP INTRODUCTION

What is Research & Development Tax Relief?

Research & Development (R&D) tax relief is awarded to businesses to invest in innovation.This innovation can be in the form of developing new systems, processes, products, materials, devices, or any changes to the way your business works.

The chances are your business could be doing R&D without even realising - it's not just people in white lab coats!

This workshop will help identify if you might be eligible - You may be surprised by what is eligible for R&D tax relief; scientific research is eligible, but so are activities such as:

  • Software development

  • Reduction in waste

  • Automation

  • Development of innovative recipes/formulas

  • Development of new materials

  • Improvements to processes

  • Development of new products

Essentially anything that helps you gain a competitive advantage in a new and innovative way could be eligible for R&D tax relief.

The tax laws around R&D tax relief are complicated and the criteria for eligibility can be ambiguous, so if you think you might be eligible come along to our free workshop to find out more from one of the country's leading experts, Nigel Holmes of Catax.


Presenter:

Nigel Holmes, Chartered Accountant, Catax

A Chartered Accountant and Chartered Tax Advisor with 17 years experience in making R&D tax relief claims and helping companies get the most from the relief. Nigel has had articles published nationally and speaks regularly on the relief and was shortlisted for Trolley's Tax Writer of the Year in 2017.




The workshop will include:

  • Introduction to R&D tax relief

  • What is R&D for tax purposes

  • What projects qualify for the relief

  • What costs qualify for the relief

  • The impact of grants and subsidies

  • How the relief works

  • Example calculations

  • SME scheme v Large scheme

  • Captital R&D costs

  • How to claim

  • Time for questions and answers




Parking

Free parking is available at the Materials Processing Institute


Where can I contact the organiser with any questions?

If you have any questions regarding this Workshop, please contact the Institute at:

workshops@mpiuk.com

Tel: 01642 382000


Partners

This Workshop is being hosted by the Materials Processing Institute as part of the Innovate Tees Valley Tees project.

Innovate Tees Valley is a free service established with funding support from the European Regional Development Fund (ERDF) to help Small Medium Enterprises (SMEs) access funded support to achieve growth through product and service innovation.


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Date and Time

Location

Materials Processing Institute

Eston Road

Middlesbrough

TS6 6US

United Kingdom

View Map

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