Steve Livingston

Steve Livingston LLB FCA is the Founder of IP Tax Solutions. Having trained at Big 4 firm, KPMG, and progressed to Senior Manager, he was appointed as a Partner at a mid-tier global firm.

SEIS / EIS

Seed Enterprise Investment Scheme (SEIS) Refresher

Paid-members only

R&D Tax Credits

R&D Tax Credits for Successful Software Claims: Lessons from Recent UK Tax Tribunal Cases

Analysis of two recent Tribunal claims on R&D tax credits to determine why one succeeded and one failed - both provide important clues for the preparation of successful R&D tax claims

Paid-members only

R&D Tax Credits

R&D Tax Credits HMRC Enquiry into Software Development: Lessons from a Tribunal Case

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 Featured

R&D Tax Credits for Software Development: A Comprehensive Guide for UK Innovators

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

Embracing AI in R&D Documentation: A New Era is Coming

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

Autumn Statement 2023 Update: R&D Tax Credit Changes + EIS Extension

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

Members only

R&D Tax Credits

HMRC's New Guidelines for R&D Tax Credit Claims: What You Need to Know (Video)

Members only

R&D Tax Credits

New HMRC Guidance on R&D Tax Credits

R&D Tax Credits

HMRC R&D Tax Credits Statistics (2021-2022): What You Need to Know

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

Understanding the New HMRC Requirements for R&D Tax Credits (2023)

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

R&D Tax Credit HMRC Enquiry (successfully defended)

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.

Members only

Newsletter

Navigating the Tax Maze: The 26.5% Corporation Tax Trap

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%.

Members only

Newsletter

SIC Code(s) - Check Yours if Claiming R&D Tax Credits

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

Newsletter

New Era for R&D Claims from 8 August 2023

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

SEIS / EIS

New SEIS Limits Fully Approved

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!

Staff Perks

Enterprise Management Incentive (EMI) Changes: Need to Know

EMI changes have been introduced to eliminate some administrative burdens and clarify the process

SEIS / EIS

UK Tax Schemes Propel Investments in Innovative Startups and Social Enterprises

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

R&D Tax Credits

R&D Tax Credits in Crisis - The State of R&D Tax Credit Relief in the UK: Challenges & Opportunities

Here in this video we cover the R&D tax relief and its current status as HMRC ramps up formal enquiries and challenges.

SEIS / EIS

SEIS: Navigating the Practical Issues of New Limits Not Becoming Law Until July 2023

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...)

R&D Tax Credits

R&D Tax Credit Claims for Software Development Companies Under Attack from HMRC

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.

R&D Tax Credits

R&D Tax Credits - Summary of New Rules from 1 April 2023 Onwards

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

Company Tax

130% Super Deduction Set to Run Out on 31 March 2023

This generous temporary capital allowance aimed at expenditure on computers, furniture, plant, machinery, vans etc is set to run out after 31 March 2023.

Strategy

Survival Tips for Start-Ups & Early Stage Fast Growth Companies

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

Members only

Personal Tax

Tax Planning to Reduce Your Personal Tax Bill (from April 2023)

The tax burden is about to get a lot worse for director / shareholders from 5 April 2023 onwards, so here we share some proactive tax planning ideas

Personal Tax

Don't pay your personal tax bill out of your company bank account

Don't be tempted to settle your personal tax self assessment bill due to HMRC from your own company's bank account.