What does R&D mean and how can it help to fund your business?
We’ve collaborated with Director, Vicki Strachan, from the Mathys & Squire Oxford Branch, to write an article about the benefits of accessing R&D Tax Relief, for the Business & Innovation Magazine.
Mathys & Squire and Vicki are a TBAT Innovation Partner in the Oxfordshire area. Together we hosted our first joint event in December 2019, welcoming in the festive period with our local connections and clients.
As Patent Attorney’s, Mathys & Squire understand the need for UK businesses to produce innovative and cutting-edge new products, processes and services as well as the importance of funding to enable their research and development.
We’re looking forward to collaborating further with Vicki and her team in 2020, to expand our network in the region!
In the article, we openly discuss with Vicki, what R&D means and how the highly beneficial R&D Tax Credit schemes can be used to help inject additional funds into your business, allowing you to continue to innovate.
By using the schemes available, your business can receive either a Corporation Tax deduction, or a cash injection from HMRC as a reward for the R&D you have already undertaken.
The article is featured in their January/February 2020 issue and can be found on page 28.
The latest HMRC R&D tax relief statistics reveal a significant decline in SME claims, despite overall R&D expenditure and the value of relief claimed continuing to rise. We take a closer look at the key figures, what could be driving fewer SMEs to claim, and why large companies are receiving a growing share of the overall benefit.
Recent changes to HMRC’s CT600L form are already creating challenges for businesses submitting R&D tax credit claims under the merged RDEC scheme. With some software providers yet to implement the updates required for the new reporting, companies may face delays and missed deadlines. We take a look at what's changed, and the steps businesses can take to ensure their claims are not impacted.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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