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

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!

North West SMEs claim an average £32,000 R&D tax relief

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

HMRC R&D Tax Credits: How hard is it to file a claim?

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?

10 Year End Tax Planning Tips For SMEs

You have the opportunity to structure your business finances in ways that preserve more of the wealth that you create. This takes advance planning. Don’t miss this opportunity. To help, here are 10 pre-year end tax planning tips that entrepreneurs should be actively considering to reduce corporation tax, income tax and national insurance costs: Don’t pay … Read more10 Year End Tax Planning Tips For SMEs