UHY Ross Brooke Chartered Accountants
Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes and technologies and their flow across different sectors is a significant driver of economic growth and productivity. Recently, innovation has also been
Innovate UK, part of UK Research and Innovation, will invest up to £6 million in quantum technologies innovation projects. Funding will be available for feasibility projects and industrial research projects that: study a commercial opportunity quantify performance objectives provide a roadmap of future exploitation exploit second generation quantum techniques Second
Are you eligible? How much might you be able to claim? What are the typical costs involved? Find out here Research and development tax claims and tax credits are available to companies undertaking projects that seek an advance in science or technology through the resolution of scientific or technological uncertainties.
HMRC are now taking a much more aggressive approach to R&D tax credit claims and a recent case in point highlighted this. On 16th September 2021, the courts dismissed an appeal in relation to a research and development claim. In summary the appellant had received a repayable credit from HMRC,
Following on from the Chancellor’s announcement in his Autumn Budget the government are consulting on a number of future changes to R&D tax relief. These include: the inclusion of licence payments for datasets and cloud computing costs for data processing and software as two new categories of qualifying expenditure; restricting
The UHY guide will explain the Research and Development tax relief scheme and help you navigate the rules to ensure that potential claims are not missed and that they are fully maximised. If you would like to discuss R&D tax relief with one of our specialist R&D accounting team, we’d
Updated 04/04/2022 Hands up anyone who would like to handover £1 and get £2.30 back? Sounds like a good deal doesn’t it? Well in a way that’s pretty much what the Research and Development Tax relief for small companies offers. The most surprising thing about this scheme is despite the