R&D Tax Credits Blog
August 2019
Grand Theft Auto company gets nearly 20% of total VGTR pay outs
Grand Theft Auto is now owned by the American company Take-Two Interactive. It started life as DMA Design in Dundee then developed by Rockstar North and Rockstar Games. Last year their profits doubled to £8.3billion. [...]
Seven ways to improve the R&D Tax Credit system
The Coalition for a Digital Economy (COADEC) recently reported on their research into the UK’s Research and Development Tax relief system with a focus on start-ups. Their summary presents seven recommendations to improve our current [...]
Do the R&D tax relief regulations need to be overhauled?
New research from the Coalition for a Digital Economy (COADEC) highlights several ways our R&D tax relief system could be improved. Updating definitions of what constitutes R&D and simplifying the administrative burden are two of [...]
July 2019
How do I show that my project is within the R&D tax definition?
When you submit your R&D tax relief claim, you need to show that your project falls within HMRC’s definition of R&D. This applies to applications to both the R&D Tax Credit scheme and the RDEC [...]
Example of the R&D tax relief process
This example is taken from the Department for Business, Innovation and Skills Department’s ‘Guidelines on the Meaning of Research and Development for Tax Purposes’. We’ve broken it down into a bit more detail and used [...]
How our R&D Tax Relief Glossary can help you
Are you one of the 90% of businesses owners that are not claiming the R&D tax relief you are entitled to? Perhaps you’ve heard talk about identifying your ‘scientific or technological uncertainty’ or finding your [...]
June 2019
What is the most efficient way of submitting my R&D Tax Credit claim?
You already know that you need to define your R&D activity, have a ‘technical expert’ opinion and be able to evidence your qualifying costs. But are you also aware that how you submit your R&D [...]
Claiming R&D Tax Credits as a loss making company
Is it really worth the effort to make an R&D Tax Credit claim if my company is making a loss? We get asked this question so many times that we decided to put our answer [...]
May 2019
New R&D Tax Credit claim rule
As of 1st April 2019, a new HMRC R&D Tax Credit rule came into force. Your R&D Tax Credit claim must now be submitted with an accurately completed CT600 and full Corporation Tax computations. Why [...]
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 [...]