Don’t forget to take into account R&D tax credits when structuring your salary package as a director/shareholder (hint: dividends are not a qualifying cost for R&D tax credit purposes)
In this post we cover key points arising from a recent webinar held by HMRC on R&D tax credits.
R&D tax claims for software development companies continue to rise. So in this post we highlight five key areas relevant to this field.
Here we cover a change announced in the 2018 Budget Statement regarding an R&D Tax Credit PAYE cap that will be introduced for the SME R&D Tax Credit incentive. In a nutshell, the UK Government is introducing a cap on
In this short video, we provide an insight into the elements of what makes up a qualifying claim for R&D tax credit purposes. Often companies are unsure of what a successful claim might look like so here we summarise key
Here is a short video summary of the key findings from HMRC’s annual report on Research and Development Tax Credits dated September 2017: The statistics relate to the 2015-2016 year and show a promising uptick in claims for R&D tax
Philip Hammond delivered his Spring Budget Statement today kicking off his first tax announcement directly addressing the importance of the UK R&D Tax Credits incentive to business and the UK’s worldwide competitiveness “As I committed at the Autumn Statement, we’ve
In this article, we provide a detailed look at everything you need to know about the Research and Development Expenditure Credit – more commonly known as the “RDEC” for short. What is the RDEC tax incentive and who benefits? The
HM Revenue & Customs has recently released a “simple” guide for companies seeking to claim research and development tax relief (R&D tax credits). With the subtitle “Making R&D easier for small companies”, the guide is useful for companies that may
It is all too easy for UK technology startups to get bogged-down in the red-tape of running a business. Founders are frequently caught up trying to keep on top of books and records to ensure compliance with UK government and HM
We will be speaking at the latest Nutri-Wales event on “Developing & Funding R&D Strategies in the Food Sector”. Steve Livingston, Director at IP Tax Solutions will be presenting on “Using R&D Tax Credits to Fund Innovation” with a specific
The Patent Box is a valuable UK corporation tax relief that aims to incentivise UK companies to invest in knowledge-intensive activities that generate valuable intellectual property that is protected under qualifying patents. The tax break allows companies to benefit from a
Many companies will be fast approaching their financial year ended 31 December 2015. With just six weeks to go, now is a good time to consider tax planning opportunities, such as the availability of R&D tax credits and / or the
George Osborne gave his first all-Tory Budget speech in 18 years last week and delivered few changes to the ultra-attractive R&D tax credits incentive that continues to go from strength to strength for clever UK companies. There was just some
We are thrilled to have helped three UK technology companies secure R&D tax credit cash payments totalling £408,000 in the space of one week! We are used to helping companies secure similar results but it is extra special when we can celebrate
Here is an updated short video on how to find HM Revenue & Customs’ designated form for applying for advance assurance that your company is a qualifying company for the purposes of raising funding under SEIS or EIS (or both).
You may be aware that there are two schemes for the UK Government R&D tax incentive: SME R&D tax incentive Large Company R&D tax incentive The SME R&D tax incentive is far superior to the R&D tax relief aimed at
You make a claim for Research and Development tax relief via your company’s corporation tax return (CT600). Your company is required to file a CT600 and supporting tax computation after each accounting period. The R&D tax credit claim slots into
Technology companies are one of the winners from yesterday’s Autumn Statement with the announcement that the SME rate of super-deduction for R&D tax purposes will increase from 225% to 230% from 1 April 2015. This means that tech companies engaged in
A number of questions have been coming in from clients and contacts regarding what the new improved rate of R&D tax credit for loss-making SMEs means in practice? Here we show you how the numbers work with some simplified examples
Headlines include: Extension of Seed EIS tax relief (SEIS) for early stage companies plus 50% CGT exemption Increase in the R&D tax credit payment from HMRC for SMEs from 11% to 14.5% for qualifying expenditure incurred from 1 April 2014
Companies normally make a claim under the UK’s Research and Development Tax Incentive Scheme within their end of accounting period company (CT600) tax return. All companies that are engaged in business activities and therefore ‘trading’ are required to file an