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Businesses all over the UK are missing out on the benefits that claiming R&D Tax Credits could offer their company. This blog covers some of the basics that make a business eligible to make a claim for R&D Tax Relief.
R&D Tax Credits can be a hugely effective way to inject additional finance into a business, and in recent years, there has been a steady increase in the number of businesses claiming them. However, there is still a large proportion not taking advantage of the scheme.
Rail Industry R&D occurs at all levels, from the rail giants building trains and carriages to SMEs within the supply chain. There is also a wide range of ‘hidden’ R&D that is crucial to keeping the UK railways running and generates innovative new hardware, software and systems which are securing the future of the industry as a feasible public transport and freight service.
Research and Development in Civil Engineering can often by overlooked and seen as day-to-day business activity – but the sector is full of innovation, often making the work performed eligible for R&D Tax Credits.
Thinking of creating an R&D Funding plan? If your R&D team are not yet back to ‘business as usual’ or a ‘new normal’, we’re here to give a little inspiration for how they could spend the downtime, to positively affect your R&D funding strategy in the future.
We understand that making your first RD Tax claim can be like navigating uncharted waters. To make the process as easy as possible, here are our 5 top tips for making your first RD Tax Credit claim.
Many technology-based start-up businesses are innovative by their very nature. During the first few years of a running a start-up business, claiming R&D Tax Relief may be far from the top of your priorities. However, making a claim could return a significant amount of much-needed cash to your business.
HMRC statistics indicate that 3,375 companies in the Materials Manufacturing and Fabrications industries made R&D Tax Credit claims worth over £185m for the 2017-2018 financial year. As of 2018, there were over 42,600 companies in the materials and fabrication sector, of which, only 8% applied for R&D Tax Relief.
A common question with a complex answer. When claiming R&D Tax Relief, your business must be performing eligible R&D activity – but what is R&D for tax purposes and what is eligible R&D activity?
Article written by Smith Cooper. Smith Cooper are thrilled to share that they have joined forces with TBAT Innovation. The collaboration will see a new R&D online portal launched.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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