As of August 8th, there are significant changes to the process of claiming R&D tax credits. From this date, new criteria will apply to all R&D claims, regardless of the tax year they are for. Failure to meet these requirements will result in the rejection of incomplete submissions by HMRC. Notable adjustments will be introduced…
We’d like to make you aware of the biggest change to European Patent Law since its inception in the 1970s (Unified Patent Court). It will happen on the 1st of June 2023, and might impact you if your business holds European Patents. Unified Patent Court On Feb 17th 2023, Germany ratified the Agreement on a…
What is a Trade Mark? Trade marks indicate the origin of a product or service to the public and are an important form of Intellectual Property (IP). Trade marks (TM) are registrable, which means you can apply to get your trade mark registered at a national or Regional IP Office (e.g. the UK IP Office…
Thanks to being homebound during multiple lockdowns, DIY fever has gripped many people throughout the UK and Ireland. DIY projects have ranged from small jobs — such as finally hanging the ‘new’ curtains which were purchased back in 2015 — to the more extravagant new home builds. This has resulted in increased opportunities for many…
Scientific evidence suggests that climate change is happening and that human activity is heavily contributing to it. This has been recognised for decades, and in 1992 the Rio Earth Summit adopted a global plan of action for sustainable development. Today, the need for a sustainable approach is widely accepted within the architecture and construction industries.…
Here is an analysis of the key points from the Budget that relate to R&D tax credits: Review of R&D Tax Credits The major point of interest is that a detailed review of R&D tax credits is to be undertaken by the Government. Initially there is a consultation period where businesses, advisers and other…
Late last year HMRC circulated an in-depth collation of statistics analysing Research and Development (R&D) tax credit claims and Patent Box (PB) tax relief showing an upward trend in both the number and amount of R&D credits claimed. The latest R&D tax relief evaluation reports – covering the R&D tax relief for SMEs and the…
R&D Tax Credit Advisers There are now many advisers who prepare R&D tax credit claims on the market, although a lot of the work is very low in quality (we know because we have seen it!). Companies involved in a core R&D sector are being inundated with phone calls, letters and emails from advisers on…
Low Quality R&D Tax Claims HMRC are aware that a large number of low quality R&D tax credit claims are being submitted and have announced that they are recruiting 100 compliance staff this financial year to ensure claims are compliant and to undertake investigative work and risking. If you are confident that your R&D claims…
To make an excellent meal you need the right ingredients, and you need to know how to combine them such that they make more than the sum of their parts. Developing new composite materials is no different. Through combining ingredients, or materials, with cutting edge development, composite technologies can make vast improvements in efficiency and…