In the 2018-19 financial year, UK businesses collectively paid £196 billion in tax to the Treasury. This is 27% of the total tax revenue for the year and underlines the importance of businesses’ contribution to the national economy. The whole country benefits from this £8billion rise in business tax contributions compared to the previous tax [...]
This is an amazing revelation from cancer research scientists in Cambridge. They have developed virtual reality (VR) technology that enables them to have a 3D view of a tumour. This can be examined and shared in astonishing detail. As reported by the BBC, Cancer Research UK’s chief scientist Professor Karen Vousden said: "Understanding how cancer [...]
HMRC has this additional Advanced Assurance option available to SMEs that are making their first R&D tax credit claim. What does Advance Assurance mean to my claim? If you successfully get Advance Assurance before you submit your first R&D tax credit claim, then it means that your first three accounting periods’ R&D tax credit claims [...]
The government consultation period on the new R&D cap for loss making companies ends at 11.59pm on the 24th May. If you have concerns about how the cap will affect your business, this is your chance to influence HMRC’s decisions about the forthcoming process. The policy itself will not be implemented until April 2020. What [...]
