Research and development

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

Tax Matters: R&D tax credits; Patent Box plus SEIS / EIS course

Here’s a round up of some recent financial & tax news that might be of interest – you can find an audio download version of this post below: Calls for quarterly R&D tax relief for SMEs In an effort to boost SME cashflow, there are calls for the Government to make the UK R&D tax … Read moreTax Matters: R&D tax credits; Patent Box plus SEIS / EIS course

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?

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?

Taxation of Innovation – How UK tax incentives support the innovation lifecycle

Taxation of innovation r&d tax patent box cipa talk by ip tax solutions from Steve Livingston Here are the slides that I used to present to the Chartered Institute of Patent Attorneys (CIPA) at a seminar in Liverpool last week. The key relevant theme was the Patent Box (given the audience) but my objective was … Read moreTaxation of Innovation – How UK tax incentives support the innovation lifecycle

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!

R&D tax: 5 common misconceptions

I could probably give you 25 misconceptions that I hear on a daily basis but, for now, here are 5 common misconceptions regarding the UK R&D tax relief: “You need to have paid corporation tax to receive an R&D tax credit cash payment from HMRC” – wrong! HMRC will help you supplement your development costs … Read moreR&D tax: 5 common misconceptions