fundingpresentation
TRANSCRIPT
Funding innovation for business growth
Lindsay Watson
January 2015
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Horizon 2020 target of 3% GDP spend on R&D(UK target unpublished)
to funding
innovators
How can you access these funds?
Two routes
11 2
Award: Grants
2Reward: Tax reduction for
businesses that innovate: R&D Tax Credits, Patent Box
Research & Development Tax Credits
You don’t have
to be a rocket
scientist to
claim R&D Tax
Credits
R&D Tax Credits: What is R&D?
Seeking technological advances
through the resolution
of technological uncertainty
R&D Tax Credits: SME or Large Company?
Number of employees less or more than 500?
Turnover less or more than €100m?
Balance sheet total less or more than €86m?
R&D Tax Credits: Calculations
SMEs: 230% of qualifying expenditure (increased from 225% in 2014)
Large Companies: 130% of qualifying expenditure (until April 2016)
R&D Tax Credits: R&D Expenditure Credit (RDEC)
Ultimate replacement for large co scheme
11% deduction off R&D spend
Applied as a reduction to tax liability
Available to loss making large companies
Available to SMEs receiving grant funding
‘Above the line’
The MPA Group: Why us?
600 + clients
In-house Automotive Industry
expertise
Full Tax and Accountancy practice
Long term planning support
Expertise in other tax-reliefs
The MPA Group: Why us?
Uncover eligible R&D activity
Collect data
Write the technical report
Advise on how best to apply the benefit
Make necessary adjustments to CT600
Submit to HMRC
Represent at HMRC enquiry
Support with future record keeping
Ensure ongoing maximum benefit
Funding innovation : When the R&D stops and the innovation sells
Patent Box
