In the year 2000, the Government introduced Research and Development (R&D) tax credits. Since then the programme has gained popularity as the number of claimants have increased year over year. The primary reason for its popularity is that more companies realise...
In a perfect world, all R&D staff, or those working on an R&D project, would keep time reports that detail all their R&D activities. However, we are often asked, “how would I allocate our employees’ time if we did not keep time reports?” The overriding...
As Brexit continues to leave a lasting mark of instability, businesses are caught wondering how things will shake out going forward. The UK heavily relies on trade with the rest of Europe. At the heart of trade lies innovation and introduction of new products and...
There are nearly 50,000 businesses in the UK that claim R&D tax credits annually. But there are still many businesses that don’t know about the programme, or know about it, but do not think they qualify for it. Here are some tips on preparing an R&D tax credit...
You don’t know what you don’t know With the continuous increase in the number of companies that do R&D tax claims, there are still many businesses that don’t effectively leverage their tax credit.An example of this is a multi-site restaurant in the UK that...
With many uncertainties surrounding the effects of Brexit on the UK economy and its trade with the rest of the world, many are wondering what the government’s fiscal policies will be in the post-Brexit landscape. This includes its impact on R&D tax relief and...
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