R&D Tax Credits PAYE Cap: New Rules for SME R&D Tax Credits A new PAYE cap will be introduced in 2021 to limit payable R&D tax credits to £20,000 plus 300% of the company's total PAYE & NIC liability for the period
R&D Tax Credits HMRC R&D Tax Credits Claim Statistics (2018-19) Every year, HM Revenue & Customs releases statistics that it maintains on the overall make-up of R&D tax credit claims by number and size of claims, regions and industries. Here we analyse the figures for 2018-19
R&D Tax Credits R&D Tax Credits & COVID-19: Impact of CJRS and Furlough On 10 September 2020, HMRC issued their view on how the R&D tax credit relief will be applied to furloughed employees under the Coronavirus Job Retention Scheme (CJRS)
R&D Tax Credits What software development qualifies for R&D tax credits? Software development companies can benefit from the UK Government's R&D tax credit relief incentive
Innovation 10 benefits of embedding innovation into your workplace Although helping companies navigate and claim R&D tax credits is a core service that we provide, the largest and most robust claims leave clues (hint: its in the culture of innovation within the business)
Staff Perks Cycle to Work Scheme: Can you claim for electric bikes? With the recent COVID pandemic, bicycles have become ever more popular. Not just for keeping fit during lock-down but increasingly as a preferred mode of transport for commuting...
Self Assessment Self Assessment: A 31st July like no other As part of the range of COVID-19 financial measures, a deferment of the second payment on account for personal tax self assessment payments was announced...
R&D Tax Credits Staffing Costs: Common pitfalls for R&D tax credits Staffing cost are a key cost for many companies claiming R&D tax credits. But there can be some pitfalls and traps for the unwary...
Weekly Roundup Newsletter: 10 July 2020 Rishi's 'British Bounce Back' Summer Economic Update A bit of a strange one really - I won't go into all of the details as you can access them here One
Video Games Tax Relief Video Games Tax Relief or R&D Tax Credits - Which can I claim? Video Games Development companies can benefit from either the Video Games Tax Relief (VGTR) or the R&D tax credit - but the decision which to choose is not quite so straightforward...
R&D Tax Credits How do you claim R&D tax credits? The R&D tax credit scheme is a key driver of innovation funding amongst UK businesses. It is administered by HMRC and is claimed by companies via your company tax return. It is important that you also include the supporting documentation that HMRC expect to see...
R&D Tax Credits Impact of Dividend v Salary on R&D Tax Credits for a Director A common problem for R&D tax credit claims is where a director shareholder (who is involved in the R&D work) has structured their remuneration as a low salary and the remainder as dividends.
VAT Don't forget VAT Payments Return from 1 July 2020 The VAT payment deferment holiday has been great for businesses but it all came to an end on 30 June 2020. Don't forget that your next VAT payment might be due sooner than you think...
R&D Tax Credits Software R&D Claim: HMRC success in Tribunal case This tribunal case involves some useful reminders on the importance of competent professionals and the need for substantive evidence to support R&D tax claims
seis Supercharge your SEIS / EIS Funding Raising funding under the SEIS or EIS can generate significant cash savings for the investors but more can be achieved - if you know how...
R&D Tax Credits Am I too late to claim R&D tax credits? Many company founders mistakenly believe that they are too late to make a claim for R&D tax credits because they have already filed their tax return - this could be a costly mistake...
R&D Tax Credits RDEC: Guide to the UK Research and Development Expenditure Credit In this article, we provide a detailed guide to everything you need to know about the UK Research and Development Expenditure Credit – more commonly known as the “RDEC” for short.
R&D Tax Credits 5 R&D Tax Credit Tips for UK Software Development Companies Here we share five R&D tax credit tips for UK based software development companies including overseas subcontractors, grants, past projects and staffing costs.
