Help & Advice

Employed vs self-employed: what to consider when claiming R&D tax relief

July 24th, 2020

We have this conversation with all our R&D (research and development) clients: the difference in the rate of tax relief between PAYE employees and sub-contractors. Many reasons determine whether an individual is employed or self-employed; far too many to list within a short piece. When the business has driven the situation – perhaps due to […]

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CBILS and SME R&D Tax Relief

July 3rd, 2020

With the Coronavirus causing cash flow issues for many, businesses have been increasingly looking towards the Government’s CBILS (Coronavirus Business Interruption Lending Scheme) initiative. What many haven’t realised is that the receipt of CBILS counts as notified state aid. When assessing whether a business is eligible to claim SME R&D Tax Relief, it first must […]

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Champion Accountants reaches £34m R&D Tax Relief milestone

April 29th, 2020

A leading accountancy group is encouraging businesses to pursue Research & Development (R&D) during the COVID-19 outbreak, as it celebrates securing £34m in R&D Tax Relief claims for its clients. The Government’s R&D Tax Relief scheme is still hugely underutilised, but successful claims continue to be paid amidst the Coronavirus outbreak. As such, we at […]

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At a time when cash flow is critical, have you considered R&D?

April 22nd, 2020

The most common misconception about Research and Development (R&D) Tax Relief is that it’s only available to lab coat companies and software houses, but this couldn’t be further from the truth. R&D Tax Relief is available to all limited companies that seek to achieve an advance in science or technology in their industry. Things such […]

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Covid-19 update: CBILS, R&D tax relief and more

March 25th, 2020

Coronavirus Business Interruption Loan Scheme (CBILS) The CBILS is now available, with some 40 participating lenders through which funding can be sought. The advice being given by the British Business Bank is to apply to your usual lender first, as any decision-making on whether you are eligible is fully delegated to CBILS lenders. CBILS supports […]

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R&D myth busting – what is eligible?

June 26th, 2019

Businesses are missing out on substantial tax savings because they’re unaware of what counts towards a Research and Development (R&D) tax relief claim. Many still wrongly believe that R&D only applies to scientific industries, when in reality, eligible activities can, and do, span a variety of sectors. Government research looking at R&D claims by industry […]

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Making the most of staff costs in your R&D claim

May 28th, 2019

Introduced by the Government in 2000 as an incentive to promote innovation, Research and Development (R&D) tax credits provide tax relief for eligible activities carried out by UK businesses. Tax relief is calculated based on the company’s spend on R&D, providing relief of up to 230% on qualifying activities. You can claim under the SME […]

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Research & Development (R&D) Tax Relief… What counts?

May 24th, 2019

We know that Research & Development (R&D) Tax Relief isn’t simple. Time after time, many of the businesses that we talk to about R&D relief have the same misconceptions about what they can claim for, such as: We pay a lot of rent on our premises… that will form a huge part of our R&D claim. As […]

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Government Grants and R&D Tax Relief

February 28th, 2019

As companies continue to identify new funding streams, they rarely stop to think about how it might affect their existing funding streams, i.e. their annual Research & Development (R&D) tax credit claim. Grant funding can be used alongside R&D relief, but the rules are complex, and it can be tricky to navigate for business owners. […]

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R&D Tax Relief claims: The latest figures from HMRC

December 10th, 2018

Claims for R&D tax relief are on the rise according to new statistics released by HMRC, demonstrating that more businesses are seeing the value in the government incentive scheme. R&D tax credits were introduced in 2000 to encourage investment in innovation, allowing businesses to claim tax relief on eligible activities and qualifying research and development […]

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