R&D Tax Credits
In the ever-evolving landscape of software development, R&D tax credits can be a crucial lifeline for innovative tech companies. However, navigating increasingly common HMRC enquiries into these claims can be challenging. A recent tribunal case, Get Onbord Limited (GOL) v HMRC, offers valuable insights for software development firms
R&D Tax Credits
Introduction: Fueling Innovation in the UK's Digital Economy In today's rapidly evolving digital landscape, software development is the cornerstone of innovation across multiple industries. From cybersecurity and fintech to artificial intelligence and quantum computing, software drives the UK's most exciting technological advancements. Recognising this
R&D Tax Credits
Recent HMRC Guidance in preparing R&D tax credit claims included some useful information on how companies should aim to document their R&D projects - perhaps AI holds the key...
Budget News
In this video, we cover key changes announced in the Autumn Budget Statement 2023 with a particular focus on the R&D tax changes: * Merger of the SME relief into the RDEC relief for accounting periods commencing on or after 1 April 2024 * Example calculations for the merged relief
R&D Tax Credits
R&D Tax Credits
R&D Tax Credits
HMRC latest statistics for the UK R&D Tax Relief were released on 28 September 2023 relating to claims submitted in 2021-2022. Here we share a summary of the key points.
R&D Tax Credits
The introduction of the AIF is a crucial change in the R&D tax credits application process. Without this form, your claim will not be considered valid by HMRC.
R&D Tax Credits
HMRC is increasingly challenging R&D tax credit claims. Here we explore a recent successful defence of a sizeable claim on behalf of a UK Fintech company.
innovation tax specialists
In the ever-evolving landscape of corporation tax, there's a new pitfall that companies need to be aware of: the marginal rate of 26.5%.
In this newsletter we cover: * ❌ UK individuals pay a record £16.7 bn in CGT (but missed planning opp...) * 🧐 SIC Code(s) - Check Yours if Claiming R&D Tax Credits * 🤓 Your Executive Assistant (for those who hate typing - like me 🙈) UK individuals pay a record £16.7
Weekly newsletter in which we cover changes to the R&D tax credit claim submission process using the new Additional Information Form. Plus other updates
The wait is over and the new SEIS limits announced to have effect from 6 April 2023 have now received Royal Assent and become law - great news for founders and investors!
EMI changes have been introduced to eliminate some administrative burdens and clarify the process
HMRC has released its latest statistics on the Enterprise Investment Scheme (EIS), Seed Enterprise Investment Scheme (SEIS), and Social Investment Tax Relief (SITR) government tax incentives
Here in this video we cover the R&D tax relief and its current status as HMRC ramps up formal enquiries and challenges.
Here we cover some practical issues in dealing with the new rules under the Seed Enterprise Investment Scheme (SEIS) that should have effect from 6 April 2023 (but that don't become law until July 2023...)
We are currently witnessing a sea-change in HMRC's approach to reviewing and processing R&D tax credit claims, with software development companies in particular being subject to HMRC enquiry.
With so much change happening in the field of R&D tax credits relief, we have put together a useful summary timeline of changes and new rules that are currently on the horizon
This generous temporary capital allowance aimed at expenditure on computers, furniture, plant, machinery, vans etc is set to run out after 31 March 2023.
Sage advice from seasoned VC, Michael Jackson: Here's Tom Loverro's thread (referenced above): Here's a link to the full thread: https://twitter.com/tomloverro/status/1620466827519496194
