PM to unveil funding to help scientists tackle climate change
The PM hopes the money will save the black rhino, African elephant, snow leopard and Sumatran tiger from extinction.
Can I include independent contractors or subcontractors in my R&D tax credit claim?
Understanding what qualifies for an R&D tax credit claim is usually the biggest question businesses have for us. In this guide we discuss the rules around claiming for independent contractors and subcontractors. Click to find out more.
A guide to HMRC R&D tax credit enquiries
In this guide I’ll unmask the ‘worry’ that is an HMRC enquiry, what it is, why it happens and what to do. I’m confident that at the end you’ll conclude that the bark of an HMRC enquiry is far worse than its bite… and definitely not worth missing out on the benefits R&D tax credits can provide your business.
HMRC changes to Corporation Tax Self-Assessments
From 1st April 2019 all claims for R&D tax relief or RDEC that are made via an amendment to a CTSA, which are not made through the HMRC gateway, must be supported by a CT600, revised tax computations and, if they have not already been provided, the accounts.
Expanding rewards for innovative companies
While the tax giveaways in the Chancellor’s Autumn Budget stole the headlines, a significant amount of his much-anticipated presentation focused on the ways he hoped to improve the nation’s productivity performance and outlook.
4 things your business does that qualify for R&D tax credits
When people think of research and development (R&D), they often picture large corporations or specialist science, tech or pharmaceutical companies. This explains why, despite the Government’s efforts to encourage innovation in UK industry through the introduction of R&D tax credits, only one in five (19%) of businesses that can be classed as being ‘innovation active’ have ever claimed money back for their time developing new products or processes.
How do you fund your innovation?
Most business owners would agree that innovation is critical to the growth and survival of their businesses. We explore opportunities to fund innovation with R&D tax credits and Patent Box scheme.
Patent Box: An untapped opportunity
Earlier this month, the Chancellor promised an additional £780 million investment in high-tech hubs across the country, which followed the Prime Minister’s announcement of £180 million to support centres in the North East just last month. The significant investment we have seen the government make in UK innovation over the past 12 months demonstrates the key role it plays in building a stronger economy.
HMRC R&D tax credit statistics 2018: More companies gain more support
The latest HMRC R&D tax credit provisional statistics published in September present some interesting findings.