R&D Tax Credits Blog
July 2019
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 [...]
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 [...]