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 Tolley's Tax Writer of the Year in 2017.

 

Materials Processing Institute | Eston