Steve Livingston LLB FCA is the Founder of IP Tax Solutions. Having trained at Big 4 firm, KPMG, and progressed to Senior Manager, he was appointed as a Partner at a mid-tier global firm.
So you have made an investment into an SEIS company but you don't want to claim (all of) the income tax relief in the latest tax year - how do you carry it back?
A Uni spin-out purchased software to develop it to license out to customers. It intended to raise SEIS funding but its advance assurance application was rejected by HMRC under the excluded activities test.
A new PAYE cap will be introduced in 2021 to limit payable SME R&D tax credits to £20,000 plus 300% of the company's total PAYE & NIC liability for the period
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
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)
Software development companies can benefit from the UK Government's R&D tax credit relief incentive but it is often unclear exactly what software activities qualify for R&D tax relief - we explain here
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...
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...
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...
