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MIA  MOTORSPORT INDUSTRY ASSOCIATION

Motorsport R&D Tax Credit Information Update Programme - Workshop 1

03 March 2015

Location: RML Group, Wellingborough, Northants

Motorsport R&D Tax Credit
Information Update Programme

 

 Workshop 1 kindly hosted by

Tuesday 3 March 2015
RML Group, Wellingborough
09:30-14:00

According to the UK government “R&D Tax credits are the single most important funds for SME’s in the UK”. If you do not currently claim, or are unsure how to do so, the MIA’s ‘R&D Tax Credit Information Update Programme’ can help you.

Many motorsport companies stand to benefit substantially from the R&D Tax Credit scheme, yet most do not successfully claim their share. The MIA’s 2013 National Review of the Motorsport Valley Business Cluster found that:

  • 15% of motorsport companies spent OVER 25% of sales turnover on R&D

  • Motorsport companies spent an average of 12% of sales turnover on R&D

But...

  • Only 20% claimed an R&D tax credit in the last 3 years, with just 13% registering patents

This, the first in a comprehensive programme of quarterly half-day workshops, organised in partnership with HMRC and professional industry tax experts, will provide delegates with ‘tried and tested’ advice and assistance to help you claim, based on successful real-life case study examples from your motorsport industry peers. 

Each workshop will provide:

  • CURRENT overview of the R&D Tax Credits scheme, including ‘Patent Box’
  • PROFESSIONAL advice and guidance, using real-life case study examples
  • ONE-TO-ONE consultations and networking with fellow-industry delegates and experts
  • Lunch and refreshments throughout

 

“We claimed under the R&D Tax Credit Scheme right from the beginning about ten years ago.”
“If we are to maintain a manufacturing base here in the UK, then being innovative and having that innovation encouraged and supported by HMRC in this way is vital.”

Alistair Fergusson, Managing Director, Alcon Components Ltd

HOST DETAILS:

RML is one of the leading high performance automotive engineering companies in the world. We specialise in delivering Touring Car, GT, Sports Prototype and Rallying programmes in major motorsport series for global automotive brands. We have won multiple World Championships for our partners and have a winning pedigree in every series in which we have competed. RML applies this nimble and winning mindset to developing high performance road car derivatives and advanced automotive technology for OEMs.

FACILITIES TOUR:

During the comprehensive facilities tour, RML staff will be happy to answer questions about their technology and capability. On display will be some of their latest motorsport and automotive projects including:

The tour will cover areas including: Car Assembly and Preparation, Powertrain & Engine Build shop; Fabrication & Machine shop; Sub-Assembly & Test; Electrical, Electronics and Simulator.

 

NOTE: To ensure the most focused, relevant advice, delegate places are strictly limited, and will be allocated on a ‘first come, first served’ basis.

Pricing (includes workshop and lunch):*

  • MIA Member - £20 + VAT
  • Non-member - £30 + VAT

USEFUL INFORMATION: Please visit the Programme page HERE.

Secure your place, and claim your share!

For more information please contact Carrim Bundhun on +44 (0)2476 692 600
 or email carrim.bundhun@the-mia.com

* Terms & Conditions Apply