TBAT – R&D Tax Credits – What are they and how can I Claim?

Author

TBAT Innovation

10 May 2016

Event Details

Date: 24.05.2016 - 24.05.2016
Start Time: 08:30
End Time: 10:30
Location: The Manufacturing Technology Centre Ansty Park, Coventry, CV7 9JU

Are you interested in boosting your R&D budget? Read on for an event just for you…

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!

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

Registration

To register for this free event please click here

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

Why TBAT?
TBAT Innovation has worked with clients to identify eligible spend, report the eligible projects and calculate the claim into HMRC for over 8 years. Over this period we have dealt with R&D projects totalling over £250m across a range of clients from SME software developers to large multinational construction companies. If you would like to discuss your claim, contact the TBAT team.

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