In his Autumn Budget Statement, the Chancellor announced significant updates to UK R&D Tax relief. With the landscape of R&D tax relief undergoing substantial changes, it’s crucial that you stay informed and prepared, as these are set to impact how you plan and claim your R&D tax credits.
Nearly half of all claims submitted since August 8th being declared invalid by HMRC, showing the need to submit accurate claims.
This week, draft legislation has been released, shedding light on the merging of the existing SME scheme and RDEC scheme into a single, unified R&D tax relief program. This new scheme is slated to be effective for accounting periods commencing on or after 1st April 2024. As of now, the main features of the proposal…
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…
World Intellectual Property Day is a global observance held on April 26th to raise awareness about the significance of intellectual property rights in fostering innovation. The theme for this year’s celebration is “Women and IP: Accelerating Innovation and Creativity,” which recognises the contributions of women to the world of innovation. Safeguarding your IP is vital…
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…
Farming plays a crucial role in our society, providing fresh produce for our plates, wool for our woolies, honey for our porridge and a multitude of other essential products to meet our demands. As with many industries, farming is being hit with numerous challenges as governments seek to create a more environmentally friendly and carbon…
As the economy starts to recover from the covid-19 pandemic, a new dawn of technological optimism is breaking (to borrow a quote from The Economist). The response to the virus has been phenomenal, with people and organisations working at speed to meet significant shortages and challenges. There have been many notable successes, including: Manufacturers pivoting…