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Research and Development Tax Credits – What Does The Data Show?

Sep 15 2014

Research and Development Tax Credits – What Does The Data Show?

The government recently released data on Research and Development (R&D) Tax Credits claims made in the 2012-2013 financial year. The scheme aims to encourage companies across the UK to boost their research and development expenditure, so this data can provide a useful indication of how widely adopted the scheme has been, and how much money […]... read more »

Apr 11 2014

SMEs to benefit from new 14.5% R&D Tax Credit Rate

In his Budget 2014 speech, the Chancellor announced changes to the research and development tax relief scheme in that the payable credit rate for loss-making SMEs would rise to 14.5% for expenditure incurred after 1st April 2014. However, this will not become law until the Finance Bill 2014 is passed. How it works Under the […]... read more »

Nov 15 2013

R&D Tax Credits for Software Development

R&D Tax Credits for software development is an area that many companies find confusing – here is an example of a question we have been asked several times. “I have a client who have been developing in the cloud business management software which is an integrated suite of products covering web site hosting and development, e […]... read more »

May 14 2013

R&D Tax Credits for Foreign Companies

We often encounter foreign companies who want to know how they can benefit from R&D Tax credits. Sometimes they have Research & Development operations in the UK but often they do not.  In this article, we explain how we help foreign, overseas and multinational companies benefit from the UK R&D tax scheme. R&D is an increasingly competitive international […]... read more »

Dec 12 2011

HMRC ‘R&D Voluntary Assurance Pilot’ Update

HMRC have today announced the closure of the ‘R&D voluntary advance assurance’ pilot for small companies with fewer than 50 employees who are about to make their first R&D Relief claim due to ‘high demand for limited places’. We are interested in hearing from any companies that have chosen to use this facility.... read more »

Oct 20 2011

Summary of Responses to the September 2011 HM Treasury Consultation on the UK R&D Tax Relief scheme

In reply to the Treasury’s second consultation on the R&D tax credit, we summarise the list of public responses below: Science Campaign UK CBI UK Interactive Entertainment Scottish Life Sciences Association Institute of Chartered Accountants of Scotland Institute of Chartered Accountants of England & Wales Food & Drink Federation... read more »