Get in touch:

R & D Tax Credits Blog

18% UK companies stop R&D projects during COVID-19 pandemic

New research from the Durham University Business School reveals the impact of Coronavirus on R&D. Research Parameters This research was carried out by Professor Richard Harris and Dr John Moffat, both economics professors at Durham University Business School. Between October and November 2020, they interviewed over 4,500 UK companies. Question topics included: Industry the business [...]

Will furlough payments affect my R&D Tax Credit claim?

The government’s Coronavirus Job Retention Scheme (CJRS) was launched on 20th March 2020. From then until 14th June 2021 (the most recently available statistics), 11.6 million jobs have been supported by this measure. So it’s likely that you’ve made a Coronavirus Job Retention Scheme claim for the wages of your furloughed staff. As we’re slowly [...]

HMRC announces £375 million ‘Future Fund: Breakthrough’ pot

The government have announced a new fund, “to help high-growth, R&D intensive companies bring game-changing technologies to market.” It will be open businesses across the UK and has already started taking applications from lead investors. Why is there another new pot of money for R&D? Companies that are creating cutting edge science or technology innovations [...]

Tax Professionals’ Organisation Advises Against Merging R&D Schemes

The Association of Taxation Technicians (ATT) has published its response to HMRC’s consultation on the future of R&D tax relief. They represent over 9,000 members and fellows, and 5,000 students. So their voice is an important one. Two of their answers are particularly significant: an aversion to merging our two current R&D schemes into one [...]

Pace of UK’s Spy Tech innovation must be maintained: Thoughts from MI5’s outgoing Chief Scientific Advisor

Professor Anthony Finkelstein is leaving his job as MI5’s Chief Scientific Advisor. In an interview with the BBC, he gives his take on how rapidly evolving technology impacts on life in the security services. And what the UK needs to do to stay safe going into the future. How is spy tech changing? One of [...]

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 allocating government R&D funds to companies innovating in aerospace technology. They were established in 2013 and are the way government [...]

Go to Top