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