Venue Name: NETPark Incubator
Venue Address: Thomas Wright Way
Venue Town/City: Sedgefield
Venue Postcode: 01740 625180
Venue Web Address: http://www.uknetpark.net
Venue Email: events@uknetpark.net

Web Address: http://www.uknetpark.net
Description: Research and Development (R&D) Relief is a Corporation Tax relief that may reduce your companys tax bill by more than your actual expenditure on allowable R&D costs.

Alternatively, if your company is small or medium-sized, you may be able to choose to receive a tax credit instead, by way of a cash sum paid by HM Revenue & Customs (HMRC).

R&D Relief schemes.

Your company can only claim R&D Relief if its liable for Corporation Tax.

There are two schemes for claiming relief, depending on the size of the company:
• The Small or Medium-sized Enterprise (SME) Scheme
• The Large Company Scheme
The Small and Medium-sized Enterprise Scheme.

From 1 August 2008, the tax relief on allowable R&D costs is 175 per cent - that is, for each £100 of qualifying costs, your company could have the income on which Corporation Tax is paid reduced by an additional £75 on top of the £100 spent.

It also includes a payable credit in some circumstances.

HMRC R&D Specialist Teams.

There are specialist HMRC units located throughout the UK who are able to assist you with your claim.

If you have any questions about R&D Relief, the appropriate specialist unit will be happy to help you.

http://www.hmrc.gov.uk/ct/forms-rates/claims/randd.htm


Alan Dickinson.

Alan has been in charge of the Manchester R&D Specialist Unit since it was set up in November 2006.
Over this period Alan and his team have worked with Regional Development Agencies, Trade Bodies, Universities and Science Parks to encourage the take-up of R&D tax credits across a broad range of industries including engineering, pharmaceuticals, computer software and many others.


Leesa McGillick.

Leesa has also been a member of the Manchester R&D team since its inception.
She has experience of reviewing claims across the spectrum from multi-national corporations to family-owned SMEs.
Leesa will be able to give advice on how to make a claim and the type of records that companies need to keep.