Search results for: R&D

Top five R&D myths

While R&D is critical it can be costly, not only in itself but also that payback can take months, if not years. The UK has some of the most effective tax reliefs available for this type of expenditure in the form of R&D tax credits. Companies involved in technological or sc...

Don't miss out on Tax Relief on R&D

The government is concerned that many small companies are missing out on generous R&D tax credits.  For the last year HMRC have been offering companies an advance assurance scheme to check whether or not their activities qualify before they make a claim. So far over 200 applic...

Research and Development tax relief

As part of the government’s continuing aim to attract new companies to the UK to create growth and jobs, significant changes have been made to the tax rules over the last few years to encourage research and development (R&D) activities and valuable corporation tax reliefs are ...

Financial services R&D tax credits: not just for men in white coats!

Research & Development (R&D) tax relief was first introduced back in April 2000 and since then over 100,000 claims have been made with more than £9.5 billion of tax relief issued. In fact, R&D tax credits are unusual in that they provide the taxpayer with the opportunity of cl...

Top 5 R&D myths for shipping and offshore maritime companies

Moore Stephens’ specialist Innovation & Technology team successfully manage R&D claims for many clients in the sector. The team comprises engineers, software programmers and scientists, as well as specialist finance professionals such as auditors and tax accountants all of who...

R&D tax credits in the spotlight

As highlighted in the recent 2017 Budget announcement, the Government places great importance on their support for innovation in the UK and have stated that they intend making administrative changes to improve certainty around how the rules for Research & Development (R&D) tax...

Introducing the UK R&D incentives to Middle East region markets

Did you know that your UK entity could get cash payments for research and development (R&D) activities undertaken outside the UK? The British Prime Minister, Theresa May, has promised to increase investment on innovation, reaching GBP 2 billion by 2020, via different grants...

Making the most of R&D tax relief

The Government’s R&D tax relief scheme could provide many growing tech start-ups with a valuable cash boost. R&D tax relief has been available since 2000, when the Government introduced the scheme to encourage scientific and technological innovation within the UK. It is not...

Construction firms missing out on billions in unclaimed R&D tax credits

Construction companies are missing out on billions of pounds a year in research and development (R&D) tax credits by failing to claim for their full entitlements. This is due to many construction firms being unaware that their existing activities are well within the scope of t...

Will your clothes soon be smarter than you?

Textiles have long been important for protecting human life, but new technology is pushing the boundaries of what our clothes can do for us. From enhancing our internet and electronics connectivity to monitoring our vital signs, groundbreaking ‘smart’ textiles have the potenti...

Corporate tax rates & VAT limits

The new corporate tax rates are now upon us and the Government is committed to continue to have the lowest corporate tax rate of the G20 major trading nations. As already announced the corporation tax rate reduces to 19% from1 April 2017 and then to 17% from 1 April 2020. ...

Business tax reliefs for the hotels and leisure sector

Businesses within the hotels and leisure sectors face an ever-increasing burden in terms of tax compliance. In times when both the government and HM Revenue and Customs (HMRC) are closing perceived tax loopholes and putting pressure on businesses to pay the ‘right amount of t...

Autumn Statement: energy, mining and renewables summary

There are a number of measures in the Autumn Statement 2014 which are of relevance to the energy, mining and renewables sectors, as summarised below: The government wants the UK to lead the way with shale gas regulation and will provide a new £5 million fund to provide ...

Budget 2015: Energy, mining and renewables summary

There are a number of measures in the UK Budget 2015 which will impact upon the energy, mining and renewables sectors, as summarised below: The UK corporation tax rate will remain at 20% for the year ending 31 March 2017. A number of measures have been introduce...

The 2014 Finance Bill – Corporation tax and business tax

Rates Corporation tax small profits rate remains 20% for year beginning 1 April 2014 and is abolished from 1 April 2015. (Main rate from 1 April 2015 already set at 20% by FA 2013). Partnerships Abolition of the presumption of employment for members of LLPs. ...

Tax relief for the video games sector

The Video Games Tax Relief (VGTR) allows qualifying companies to claim a larger deduction, or in some circumstances claim a payable tax credit when calculating their tax profits. VGTR is intended to encourage the development of computer and video games to benefit the high-t...

The Budget 2015 - Business tax

R&D tax credits Following consultation, HMRC will:   introduce voluntary advance assurances lasting three years for smaller businesses making a first claim to R&D tax credits from autumn 2015; reduce the time taken to process a claim, from 2016; produce new...

The Budget 2014 – as it happened

Economic situation Recovery faster than forecast. Budget for building a 'resilient' economy Office for Budget Responsibility predicts growth in 2014 of 2.7% A small budget surplus by 2018/19 24% fall in unemployment claimants in one year ...

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