|
Finance
Mortgages, pensions, loans, shares, savings |
|
|
|
|
|
|
Tax Credits - Research and Development
R&D Tax Credits for the Electronics Industry
A course for Industry explaining how to get the most out of R&D Tax Credits
Learn about it directly from the "big four"
Deloitte, Ernst & Young, KPMG and PwC
Additional Speakers: HM Treasury and HMRC
Monday June 2nd, 2008, 9.00am to 16.45pm
10-12 Russell Square, London, WC1B 5EE
£50 for Electronics KTN members, £100 for non-members
As part of a range of measures aimed at improving UK productivity, the Chancellor announced in the April 2007 budget, that the value of Research and Development (R&D) tax credits would increase and that he was raising the SME limits for R&D so that more medium sized companies would qualify for the more generous SME scheme.
The government, serious about increasing R&D in UK have set ambitious targets to ensure more companies are able to undertake R&D activities. From April 2008, the large company credit will increase from 125% to 130% and the available credit to small and medium-sized firms will rise from 150% to 175%.
The Electronics KTN, working in association with Intellect, and with the help of the 'big 4 accountants' (Deloitte, Ernst & Young, KPMG and PwC) aim this course specifically at the electroncs industry, to improve their understanding and enable companies in the sector to take full advantage of the scheme.
One of the key topics on the course is Eligible Costs (for the tax credit). These can be different for small and large companies. We will attempt to deal separately with each if there is sufficient demand from the delegates on the day.
Eligibility for R&D Tax Credits
The principles of claiming for the tax credits are the same for all companies. Maximum credits apply to those organisations that fall under the future SME R&D TC SME limits which are:
• Fewer than 250* employees
• Less than 50m* euros turnover
• Less than 43m* euros balance sheet
NB. Criterion 1 must be satisfied to qualify for the SME scheme and either or both of 2 and 3.
These numbers are under review and are likely to be doubled, subject to EU approval.
How will you benefit?
The course will be for Electronics SMEs who want to understand:
• If and how their research and development work qualifies for the R&D Tax Credit
• The HMRC processes and recommended company internal processes for maximising the chances of a successful claim
• Current HM Treasury and HMRC views
Potential pitfalls
Register now to book your delegate place.
Ashley Evans
Chief Executive
Electronics Knowledge Transfer Network
0208 144 0880
www.electronics-ktn.com
|
|
