We aim to keep you informed, inquisitive, intrigued
and entertained
It’s that time of year again – HMRC have released their yearly R&D Tax Credit report, detailing the breakdown of the most recent years claims!
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 R&D 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 R&D 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?
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
Get In Touch
Call 
Back
