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?
Having prepared and filed too many SEIS / EIS advance assurance applications to mention (!), here are a few pointers to consider if you would like your company to benefit from this generous tax relief for funders and are considering seeking advance assurance to kick things off:
I am getting a lot of questions at the moment about the process for raising funding under Seed EIS and where the advance assurance fits in? The Advance Assurance is a mechanism that allows companies to pre-qualify themselves with HM Revenue & Customs (HMRC) as a qualifying company for the purposes of raising funding under … Read moreWhat is the Seed Enterprise Investment Scheme (SEIS) Advance Assurance?
Although having a company car can appear to be a ‘perk’, if you delve a little deeper the tax rules are becoming increasingly onerous for those directors and employees who are ‘lucky enough’ to have them…. A ‘Benefit in Kind’ tax charge is levied on the ‘lucky’ director / employee under the company car tax … Read moreHow to calculate your company car tax benefit for 2014/15
HOT OFF THE PRESS: We’ve just launched a brand new online course that shows you exactly how to complete and file your SEIS / EIS advance assurance application with HMRC. We walk you through every stage of filling out the form plus share some additional resources to help ensure a smoother passage through HMRC. Access … Read moreHow to apply for advance assurance for SEIS / EIS
In this free webinar, Steve Livingston (Founder & MD of ip tax solutions) walks Founders and Entrepreneurs through the basics of the UK R&D tax credit incentive. This is a ‘back to basics’ seminar for company founders / entrepreneurs who would like to learn more about the Research & Development tax incentive and whether it … Read moreR&D tax credits: Need to know tax tips for entrepreneurs (webinar)
Are you an entrepreneur or company founder seeking funding? Have you considered the benefits of the Enterprise Investment Scheme (EIS) or Seed Enterprise Investment Scheme (SEIS) to attract private investment from individuals and business angels? Or are you a prospective EIS / SEIS investor? If you answered YES to any of the above, this FREE … Read moreEIS / SEIS: Navigating traps for the unwary (webinar)
Latest HM Revenue & Customs figures reveal that a total of £52m tax relief was claimed in the North West under the UK R&D tax credit scheme in 2010-11. The £52m is spread over 985 claims giving an average claim of £53,000 (interestingly, this compares with an average claim of just £19,000 in London!), although … Read moreNorth West SMEs claim an average £32,000 R&D tax relief
If you are looking at starting a new hi-tech venture then the timing has never been better in utilising the latest available UK tax incentives. Consider a scenario where say 4 enterprising entrepreneurs are looking at building a new state of the art technology platform. They budget it will cost c£1m to get to market … Read moreMix SEIS + R&D Tax Credits to Maximise your Start-up Funding
So you’ve had a good look at the activities of your company and think you might have a qualifying claim for Research and Development (R&D) Tax Credits – but what next? HMRC R&D tax credits can be successfully claimed by UK companies across all industry sectors – from builders to engineers to manufacturers to technology … Read moreHMRC R&D Tax Credits: How hard is it to file a claim?