7 R&D Tax Credit Tips

Don’t assume your company doesn’t qualify – even if your accountant has discounted it or perhaps not even mentioned it (in fact that might be all the more reason to check it out!) It doesn’t matter whether your company is profitable / tax paying in a financial period or loss-making – R&D tax relief can … Read more7 R&D Tax Credit Tips

What’s so good about R&D tax relief?

The R&D tax relief is aimed at entities that are registered for UK corporation tax, so primarily UK companies. The relief itself is administered through the company corporation tax filing regime. What are some of the key benefits? Cash paid to companies that are pre-revenue and / or loss-making to reward them for undertaking R&D … Read moreWhat’s so good about R&D tax relief?

How to claim enhanced Research and Development (R&D) Tax Relief?

The UK Research and Development (R&D) Tax Relief Scheme is delivered via HMRC’s corporation tax filing system. After each financial accounting period, a company is required to prepare statutory accounts along with a corporation tax computation. The corporation tax computation calculates the tax liability of the company for the period (if profitable) based on the statutory accounts. … Read moreHow to claim enhanced Research and Development (R&D) Tax Relief?

£400,000+ R&D tax credits cash in one week

It has been a busy week at ip tax solutions with three R&D tax credit claims securing a total of over £400,000 of R&D tax credits landing in just one week! The successful companies are all technology companies building new software platforms based from Manchester to London. The claims were agreed within 28 days without query … Read more£400,000+ R&D tax credits cash in one week

Fancy an extra 5% on your R&D tax relief?

The UK R&D tax credit incentive scheme continues to get better and better (have I said this before!?!) From 1 April 2015, SMEs attract an uplift on their qualifying R&D expenditure of 230% (up from 225%). This means that in cash terms the tax credit is now worth 33.35%! So 1/3rd of your expenditure on staff … Read moreFancy an extra 5% on your R&D tax relief?

R&D tax credits: Key changes from March 2015 Budget Statement

Here is a short summary of the key changes related to the UK R&D tax credit incentive as announced in the March 2015 Budget statement. Changes include: An increase in tbe SME rate of super-deduction from 225% to 230% from 1 April 2015 An increase in the Large company scheme “above the line” credit from 10% … Read moreR&D tax credits: Key changes from March 2015 Budget Statement

R&D Tax Credits: How the new HMRC 14.5% cash credit works

I’ve been getting some questions about the new 14.5% R&D tax credit rate announced in the March 2014 Budget Statement and how it works in practise. So here’s a short video outlining how the effective rate of cash receivable from HMRC increases from 24.75% to 33% on qualifying spend – that’s one third of your … Read moreR&D Tax Credits: How the new HMRC 14.5% cash credit works

Two common R&D tax credit stumbling blocks for start-ups

Picture the scenario: a new technology startup. The founders invested £250,000 into the development of some new technology. The company is burning through the cash at a rate of knots and so they’re looking forward to recouping a chunk of it by claiming R&D tax credits under the ‘R&D tax credit scheme’ – something they’d … Read moreTwo common R&D tax credit stumbling blocks for start-ups

R&D Tax Credits – Don’t miss your claim!

Statistics from HM Revenue & Customs suggest that less than 0.25% of UK companies are taking advantage of this fantastic Government incentive which can apply to all companies across all sectors. The R&D tax credit scheme has been in existence since 2000 and the tax relief available has got better and better year on year. … Read moreR&D Tax Credits – Don’t miss your claim!