Free cash for R & D in a Brave New World
With Tim Walsh and Alistair Hardie of RandD Tax
Brave New World is MDHUB’s annual inspirational event for business leaders who want to achieve high growth. Its theme for 2018 examines the future of people and the leadership challenges for businesses and society in an increasingly automated world.
- What effect will the emerging technologies of automation have on people?
- How can we use these technologies to our advantage for business growth?
- What are the opportunities for businesses and individuals who embrace technology but with a strong focus on the continuing importance of people?
- Technology is changing the way we live and work but that doesn’t mean that humans will become redundant – maybe they will become the differentiator, the new killer app, so to speak.
This year, MDHUB is delighted to be working in association with the University of Brighton and Santander Universities, to enhance links between academics, students and the business community.
The guest Chair is the renowned broadcaster, Simon Fanshawe OBE, who will be introducing some truly outstanding speakers and workshops to inspire attendees with new ideas and perspectives to equip businesses to develop and grow.
Since the Research & Development Tax Credit Scheme was launched in 2000 to encourage companies to invest in science and technology R&D activities, almost £16.5 billion in tax relief or cash has been awarded to UK companies, with several MDHUB members having secured significant R&D Tax Credit awards over the years, following recommendations at MDHUB workgroups.
However, in the last few years, statistics show that less than only a small % of SMEs made R&D Tax Credit claims as many businesses haven’t realised that they may qualify for the tax.
R&D Tax Credits can be claimed by almost any limited company investing in creating better products, processes, services, materials or devices; however, recognising and scoping R&D for Tax Credits usually requires specialist expertise.
In a short presentation in Brighton on 18 October at 8.30am Tim Walsh and Alistair Hardie from R&D Tax will explain the qualifying criteria and how they can support companies to identify and scope their R&D, prompting delegates to question whether they should be benefitting from the scheme.