- Date 29 Nov 2019
- Time 10:00 - 15:30
- Address The Bradfield Centre Milton Road CB4 0GF
If you're investing in innovation and looking for extra funding, then sign up to this clinic to discover how tax legislations could be used to reduce Corporation Tax and bring cash back into your business.
Innovation Clinic: 3 ways to cut your Corporation Tax
CW and the MPA Group invite you to our 1:1 innovation clinic, where you can spend 45 minutes with our experts, receiving advice on how your business could get the most from HMRC’s tax schemes. There are 5 time slots available throughout the day, just email Gabby to see the remaining available options and book your preferred time.
In this clinic you’ll learn where your innovation investment and activity could be supported by HMRC schemes and receive bespoke advice from MPA experts on how best to apply for these. If you are already benefitting from an HMRC scheme, come along to find out if you could be gaining more.
A number of schemes will be discussed, including:
- The Patent Box scheme, which allows companies to generate financial benefit from their existing IP protection, with Corporation Tax reduced to 10% on associated profit.
- R&D tax credits, which support companies who have taken a financial risk developing innovation in their products or processes, with a return of up to 33% of the investment made.
- R&D Capital Allowances (RDAs), which offer 100% tax relief in year 1 on most types of capital expenditure for R&D, uncapped unlike Annual Investment Allowance (AIA). They can release upfront cash into your business by reducing your Corporation Tax bill.
It’s important to note that some schemes do conflict, but thanks to MPA Group’s experience, their experts can advise businesses on how to receive their full entitlement in any situation.
If you are an innovative business beyond start up with a £2m+ turnover, then this clinic could benefit you.
We also have J A Kemp holding an Intellectual Property Clinic on this date too, giving free informal advice and answers to your questions about patents, trade marks and other intellectual property rights. To find out more and to book click here.
Generously hosted by The Bradfield Centre, Cambridge's hub for tech and deep tech companies operated by Central Working. Our mission is to grow scaleups and provide them with the connections and support they need to thrive. The way we do this is by building a sense of community through human interactions and high-quality events which engage our members and allow for networking.