R&D Tax Relief- The Facts, Common Misconceptions & Benefits

09 Jun 2022
Theatre 2

The term ‘R&D’ implies exotic, hi-tech, laboratory-based work. However, the R&D Tax Relief Scheme definition is much broader, and definitely covers those head-scratching moments when your team is faced with a problem.

Our session helps to de-mystify the process of capturing development activity, and how to structure various R&D Reliefs to create a virtuous cycle of funding, and how to future-proof claims against changes on the horizon.

  • R&D is the most generous tax relief there is for SME’s
  • Most businesses are doing it to some extent… it doesn’t need the people in white coats to be researching for you to be doing R&D….
  • Are you changing a product or a process? Are you overcoming a problem…. It’s probably R&D.
  • The R&D Scheme is a tax-free reward for the ‘investment’ of the costs of undertaking development.
  • Whilst there are changes on the horizon to tighten the scheme against spurious claims, our process is tested and proven to safely maximise claim value for reduces risks.
  • The R&D Schemes are here to stay, they form a key part of the UK industrial Strategy.
Jay Bhatti, R&D Tax Senior Manager - MHA

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Design Engineering Expo is part of Manufacturing and Engineering Week, a celebration of the best in UK manufacturing and engineering excellence and innovation.

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