Can you get cash back for your innovation? Hosted by PROTO

We’re hosting a short session for Gateshead businesses to understand what hidden value might exist in their balance sheets.

Definitely not a workshop on tax, though. No. Absolutely not a tax workshop, we promise… because who wants to go to that?!

…ok, so it’s kind of about tax, but only because you’re claiming tax BACK. That’s right, you might well be entitled to get HMRC to send you a cheque – our average claim was £35,000. And who doesn’t want to make that happen?

If you are attempting to achieve an advancement in your industry you may be eligible to reclaim some of the tax you’ve already paid.

Whether that’s:

  • Developing new products, processes or services
  • Modifying existing products, processes or services, or
  • Attempting to overcome a scientific or technological uncertainty.

Even if your R&D project failed, you can claim back a percentage of:

  • The costs for each individual staff member who has worked directly on the R&D
  • The costs for any subcontractors hired to work directly on the R&D
  • The costs of any software required for the R&D
  • Consumables such as utility bills or wasted material costs that were consumed during the project
  • Qualifying Indirect Activities (ask us about this).

Pop along and hear what kind of things qualify – they’re far, far simpler and more mundane than you might imagine – and how our experts can help you see what you’re entitled to.

Who should come?

You’ll have to meet a few eligibility requirements to take advantage of this:

  • Be a limited company
  • Have at least a year’s trading history
  • Have at least a year’s filed accounts with Companies House
  • Be liable to pay Corporation Tax

 

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We're @NorthumbrianH2O for #InnovationFestival22 this year with 3 daily dashes. 12th July Embedding Innovation in the Cyber Security Sector 13th July Bringing Talent Into Cyber Security 14th July Business Impacts of Cyber Incidents tinyurl.com/2p8489yw pic.twitter.com/TJ88YfgO0Q

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