R&D Tax Credits Blog
May 2019
UK businesses’ £196 billion tax bill
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 [...]
Cancer research aided by 3D virtual reality
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 [...]
What is the R&D tax relief Advance Assurance option?
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 [...]
Don’t miss the chance to have your say on the new R&D tax relief cap
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 [...]
April 2019
Spotify creates 300 R&D jobs in the UK
Spotify is Swedish online music streaming company that has R&D hubs in Stockholm, Gothenburg, San Francisco, Boston and New York. And it’s starting a new R&D centre in its London offices, which will take the [...]
Five changes to self employed tax regulations you need to know
The Chancellor included a number of tax changes in his Budget that directly affect self employed taxpayers and they will be implemented as we enter the new tax year this April. How do they affect [...]
Why has McDonald’s bought an AI company?
McDonald’s have recently bought an Israeli start-up company called Dynamic Yield. The artificial intelligence (AI) technology that they’ve developed will help the fast food chain to give customers “a much more personalised experience.” It’s a [...]
March 2019
UK Game Industry: A Success Story to be proud of
This week is the Game Developers Conference which is being in held in San Francisco this year. “GDC brings together 28,000 attendees to exchange ideas and shape the future of the industry with five days [...]
Women entrepreneurs’ success despite huge investment disparity
The Alison Rose Review of Female Entrepreneurship was commissioned by the Exchequer Secretary to the Treasury, Robert Jenrick MP. Alison Rose is Deputy CEO of NatWest and her findings uncover a shocking lack of investment [...]
Is your region claiming its share of R&D Tax Credits?
Government statistics show that the average SME R&D Tax Credit claim is £52,876. But there are some interesting discrepancies when you look at the distribution of claims submitted in 2016-17 tax year by region. SME [...]