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hmrc patent box stats 2016-17
Patent Box

Patent Box claims increase (but not by much…)

HM Revenue & Customs (‘HMRC’) has released its latest statistics for Patent Box claims filed in the year 2016-17. The HMRC report was issued in October 2019 and you can download the full version of the report here but here

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R&D tax credit how receive
R&D Tax Credits

How will I receive my R&D Tax Credit claim?

How you might receive the benefit of your R&D tax credit relief claim will depend on several factors.  These factors include the tax profile of your company after taking into account the benefit of the enhanced R&D tax deduction. Understanding

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R&D Tax Credits

What’s so good about R&D Tax Credits?

In this short video, we summarise 10 key benefits offered by the UK R&D tax credits. You can download a PDF summary of the 10 benefits here. You can subscribe to our R&D Tax Credits podcast to hear the audio

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R&D tax credits spring budget 2017
R&D Tax Credits

Spring Budget 2017: R&D Tax Credits to Get Better

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

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HMRC R&D Tax Credits Simple Guide
R&D Tax Credits

HMRC R&D Tax Credits Simple Guide

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

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R&D Tax Credits

R&D Tax Credits Claims on the Increase for SMEs

HMRC has released its annual Research and Development Tax Credits Statistics for the years 2014-15 that show an increase in R&D tax credits claims Here is a summary of the key points: ​16% increase in number of SME R&D tax

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CT600 to claim R&D tax credits
R&D Tax Credits

How do you claim R&D Tax Credits?

It can often be confusing understanding how R&D tax credits are actually claimed by companies. After all, there are a whole myriad of funding options out there including: Grants and subsidies e.g. Innovate UK Seed Enterprise Investment Scheme (SEIS) –

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7 common R&D Tax credits misconceptions
R&D Tax Credits

7 Common R&D Tax Credits Misconceptions

It’s all too easy for entrepreneurs to get bogged down in the day-to-day of running a business. Time is scarce – especially when it comes to revisiting potential financial tax incentives that could put cash back in your bank account.

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Nutri Wales Food innovation ip tax solutions
R&D Tax Credits

Food Sector: Developing & Funding R&D Strategies

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

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Patent Box Deadlines Loom
Patent Box

Patent Box – Deadlines loom

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

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R&D Tax Credits

Making R&D tax relief easier for SMEs

Making R&D Tax Relief Easier for small business It is pleasing to see further emphasis being placed on the SME R&D tax incentive scheme with the recent launch of HMRC’s paper “Improving access to research and development tax credits for small

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R&D Tax Credits

Summer Budget 2015 changes to R&D tax credits

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

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rd tax credit how work
SEIS / EIS

SEIS Briefing Paper

A few clients and contacts have asked us for a short briefing paper outlining the key points related to the Seed Enterprise Investment Scheme (SEIS). Although not intended to be an exhaustive list of all of the relevant points, this

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SEIS / EIS

EIS – a (very) brief summary

A client set us the tricky challenge of summarising the EIS key rules within one page “Please don’t send me 20 pages!” was the plea…. So we did our best – you can read our EIS in a nutshell summary

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R&D Tax Credits - Am I too late to claim?
R&D Tax Credits

Am I too late to claim R&D tax credits?

If you have been carrying out development work on a new product or service in earlier years and have only just stumbled across R&D tax credits, you may be concerned  – thinking you may too late to make a claim…

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R&D Tax Credits

How do I make a claim for R&D tax credit relief?

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

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Patent Box

Learn some Patent basics with Appleyard Lees

Here we share an interview we carried out with Ean Davies and Simon Bradbury of Appleyard Lees, European Patent and Trademark attorneys. This interview is intended to be a ‘primer’ for those considering patents as it covers the basics around:

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R&D Tax Credits

UK tech companies receive R&D tax credits boost!

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

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R&D tax credits on the increase
Patent Box

UK Patent Box: Tick the box by 2016

The UK Patent Box regime has been hit by criticism from other EU nations (particularly Germany) since its introduction in April 2013. It looks like George Osborne has finally heeded to pressure at the most recent G20 conference and agreed

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R&D Tax Credits Scheme – Don’t miss out!

Statistics from HM Revenue & Customs show that fewer than 1% of UK companies make a claim under the UK’s favourable R&D tax incentive scheme. There may be a number of reasons for this such as: insufficient advancements in science

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SEIS – Need to know tips for startups

Here is a short screencast covering some high level need to know tips for startup founders on the Seed Enterprise Investment scheme (‘SEIS’). A further point to note is that an investment under SEIS must be in return for a

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R&D Tax Credits

R&D tax claims for startups

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

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R&D tax credits on the increase
R&D Tax Credits

R&D Tax Credits claims on the increase

HM Revenue & Customs has released its latest figures in relation to the UK R&D Tax Credits tax incentive. Headlines are as follows: 85,000 claims filed since the SME and Large schemes were introduced in 2000-2001. £8bn+ of tax relief

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SEIS1 HMRC Form
SEIS / EIS

New SEIS1 form issued by HMRC

HM Revenue & Customs (HMRC) has released a new more user-friendly online Form SEIS1. The form must be completed online so make sure you have all details to hand. Here’s a handy checklist of information that you will need if

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