R&D Tax News | Page 2 of 3 | Innovation Plus

The Pros and Cons of Outsourcing R&D

Dec 30 2014

The Pros and Cons of Outsourcing R&D

Since its introduction to the UK in the year 2000, claims under the R&D tax credit scheme have increased every year. The latest figures show that a total of £1.36 Billion was claimed in the tax year 2012-13. With regards to expenditure on the R&D itself, figures released earlier this year showed that £27 Billion […]... read more »

Dec 15 2014

5 Ways To Make Your Company More Innovative

With technology advancing at such a rapid pace, arguably there has never been a more important time for a company to innovate. Over the past decade there have been numerous examples of new and innovative companies both dominating and creating markets worth billions of pounds. This has certainly led to innovation being pushed higher up […]... read more »

Dec 03 2014

R&D Tax Relief Changes for 2015

The Chancellor, George Osborne, announced today in the 2014 Autumn Statement a number of changes that will affect claimants of Research and Development Tax Relief from 1st April 2015.The 2015 changes to the UK R&D Tax Relief scheme are as follows: 1. The ‘Above the Line’ R&D Expenditure Credit (RDEC) for Large Companies will increase […]... read more »

Nov 26 2014

Recent Report Suggests The Government Should Do More To Boost Innovation in the UK

In a recent blog post we looked at the ways in which governments can help to increase R&D investment. However, an area that wasn’t covered in the article was how spending by government departments can contribute to a more innovative economy. This is precisely the area that was addressed in a report called ‘Creating Markets […]... read more »

Nov 11 2014

Are smaller companies more innovative than larger ones?

In last month’s article we looked at why larger companies were more innovative than smaller ones, whereas in this article we’ll argue that it is in fact smaller companies who take the lead when it comes to innovation. Austrian Economist Joseph Schumpeter first argued that smaller companies were more innovative, although he left this world […]... read more »

Nov 10 2014

R&D Tax Credits Overview

The infographic below shows an R&D Tax Credit Overview – What they are, who can claim, how to claim and which areas and sectors are the biggest beneficiaries.... read more »

Nov 06 2014

Architecture R&D Tax Credits

Architecture and R&D Tax Credits do not immediately spring to mind as a natural combination. However, UK architects some of the most innovative and we have many clients in this sector who we help to claim.  Click here for issue 111 of Architectural Technology magazine and see page 12 for our article on how one […]... read more »

Oct 28 2014

Are larger companies more innovative than smaller ones?

Over the last century there has been much debate about whether larger companies are more innovative than smaller ones. One of the earliest figures to comment on this topic was Austrian Economist Joseph Schumpeter, who was initially of the opinion that smaller companies were more innovative, but changed his mind in the 1940’s. Today the […]... read more »

Oct 14 2014

How Can Governments Assist with Innovation?

To answer this question we can start by outlining some of the key benefits of an innovative economy, and therefore why governments should do everything in their power to encourage heavy investment in research and development. Here are a few key benefits of innovation: Innovation makes people’s lives easier and/or better. For example, it has […]... read more »

Sep 30 2014

Past Success Through Innovation Does Not Ensure Future Success: Eric Schmidt Comments On The State of Innovation in Europe

Eric Schmidt, Executive Chairman and former CEO of Google, recently completed a guest article for Neelie Kroes, Commissioner for the Digital Agenda and Vice President of the European Commission. The main theme of the essay was innovation in Europe, which covered Schmidt’s recommendations for further encouraging innovation, notable innovative companies in Europe, and also touched […]... read more »