R&D Tax Credits Blog
April 2021
What is the new CT600L form?
HMRC introduced a new form called CT600L on 1st April 2021. It’s a four page form that must be completed and sent with your Corporation Tax Return when you make an R&D tax relief claim. [...]
No new funding for aerospace industry until next year
The impact of COVID-19 hits the aerospace industry, as the Aerospace Technology Institute announces a year’s pause on new projects. Who is the Aerospace Technology Institute (ATI)? The Aerospace Technology Institute (ATI) are responsible for [...]
March 2021
£50,000 each for 40 amazing women innovators
At the start of Science Week, on International Women’s Day, Science Minister Amanda Solloway announced the 40 innovative recipients of this £50,000 investment. Innovate UK: an investment in innovation These awards are administered by Innovate [...]
Budget 2021: What’s in it for R&D tax relief?
There are two main takeaways specifically concerning R&D tax relief in the 2021 Budget: the SME cap is staying and there’s going to be another review of the R&D Tax Credit and RDEC schemes. SME [...]
February 2021
GCHQ’s plans for the ethical use of Artificial Intelligence
Artificial Intelligence (AI) is at the forefront of technological innovation. Even if its not your primary product, elements of AI often become the subject of R&D projects. This story is quite remarkable. Unusually, the Government [...]
Funding competition for innovative rail projects
This Small Business Research Initiative (SBRI) competition is part of the ‘first of a kind’ (FOAK) project, backed by the Department of Transport. Organisations compete for a grant from the £9 million pot. Competition details [...]
January 2021
Never applied for R&D Tax Credits? It’s time to look into it…
It’s not an understatement to say that businesses, across the board, have taken a hammering. Well done for surviving this far. Reduced cash flow, breaks in supply chains, staff shortages, COVID-19 restrictions and PPE requirements [...]
New app to help reduce plastic consumption
Innovate UK award a £50,000 R&D grant to MyPlasticDiary so they can invest in further developments to their ‘fitbit for plastic’ app. How does the app help reduce plastic use? How can we reduce our [...]
December 2020
Cheers to English bubbly R&D!
English sparkling wine is fast becoming a world leader in the industry. And not just for the fine quality of the product. Creative producers are using ideas from their predecessors, and those at the cutting [...]
New R&D funding for two Scottish universities
The University of Glasgow and the University of Strathclyde are both receiving substantial investment through the new Turing Artificial Intelligence fellowship. What’s the Turing Artificial Intelligence (AI) Fellowship? As explained in a government press release, [...]