Reduce your Company’s Corporation Tax by Claiming R&D Tax Credits Everyone loves paying less tax or getting a cash rebate – and R&D tax credits are an excellent way to achieve this. They’re a government incentive designed to encourage companies to innovate, and they can lead to significant savings in corporation tax. You can even…
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…
Food, glorious food! We all love and require food to survive, so it is no wonder that there are billions of pounds spent keeping up with the latest food trends and trying to stand out from the crowd. Scientific and technological advancements are enabling boundaries to be broken and the food sector to be thriving…
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…
“Does this activity qualify for R&D?” This is one of the most common questions we are asked by clients and accountants, and often the answer is not easily arrived at. Software development is no exception in this regard. In fact, in a sector where new technologies can emerge, gain prominence and fade into obsolescence in…
Technological advancements and innovations are driving improvements in all areas of agriculture, from livestock producers to crop growers. Maintaining a competitive advantage in this evolving industry through research and development (R&D) helps to optimise processes and maximise efficiencies and yields, ensuring healthily returns on investment. There’s no question as to the benefits of R&D, regardless…
Sustainable energy is arguably the most pressing issue for the longevity of our planet. As such, many companies have identified the opportunities in this field and the benefits of providing green energy to consumers. With increased consumer interest in sustainable energy – and forecasts predicting up to half of the UK’s electricity will come from…
Most industries are governed by legislative and regulatory bodies, and professional associations. These bodies range from the Health and Safety Executive (HSE), the Engineering Council, British Standards Institute (BSi) and the European Union (EU) Standards bodies including CEN, CENELEC, and ETSI. On the surface, regulatory standards may appear tedious to some. However, dig a little…
You may already know this, but the Agri-Food industry is one of the most research and development (R&D) intensive sectors in the UK and Ireland. This is being driven by consumer and media preferences towards healthier diets and more sustainable living, and has resulted in an unprecedented level of activity and innovation in the industry.…
The Government announced today that it is pledging £750m of targeted support to who it describes are “the most R&D intensive small and medium size firms.” It comprises the following support: £175,000 of support will be offered to around 1,200 firms not currently in receipt of Innovate UK funding. This may well have the widest appeal…