by Seun Adegboye | Jan 26, 2021 | R&D Tax Credits
Despite the Government’s efforts to encourage innovation through R&D tax credits, many food and beverage companies hesitate to claim. Those food and beverage taxpayers new to the R&D programme may think they are not eligible for Research and Development...
by Seun Adegboye | Jan 20, 2021 | Government Funding, R&D Tax Credits
Britain has now officially left the EU. Changes involving trade are just one of the many areas that businesses will have to adjust to, in addition to dealing with the current Pandemic. We mentioned late last year that a 3rd lockdown is likely Post-Lockdown: What We...
by Brian Cookson | Dec 15, 2020 | R&D Tax Credits
WHAT’S NEW? As of April 1st, 2021, all companies submitting R&D tax credit claims be it Small and Medium Size companies (SME) whether it is for a reduction of tax liability, payable credit request and/or for Research and Development Expenditure Credit (RDEC) will...
by A.K. Hajee | Dec 3, 2020 | R&D Tax Credits, UK R&D tax credits
For those companies that are unaware of the R&D tax credit submission rules, a company may submit an R&D claim up to two years after an accounting period year-end. In a nutshell, whether you are a start up, an established SME or Large company that has not...
by A.K. Hajee | Dec 3, 2020 | R&D Tax Credits, UK R&D tax credits
Recently, HMRC reported three men to the authorities that were involved in a fraudulent £29.5 million claim for R&D tax relief on a claim that had no merit and have been sentenced to a 21-year jail term. The fraud involved one company paying for services...
by Brian Cookson | Nov 24, 2020 | R&D Tax Credits
Under the UK R&D Tax Credit programme, R&D costs incurred for work done around the world can qualify for R&D tax relief. This is a very generous aspect of the programme but one that was subject to abuse. Companies outside the UK, with no real business...
