Blog

Post Brexit Growth & R&D Tax Credits

Date: 12th May 2017

  "This is the first age that's ever paid much attention to the future, which is a little ironic since we may not have one.” - Arthur C. Clarke Predicting the fall out of Brexit is challenging but one of the horses our politicians appear to be backing is that an increased focus on Research and Development (R&D) will enable us to depending on your degree of optimism sur...
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When does Architectural Design & Engineering qualify for R&D tax credits?

Date: 20th April 2017

In the UK we have a great tradition of architectural and engineering innovation and with the advance of technology, the design process involves not just pioneering ideas but pioneering methods to test and develop those ideas. Many Architects are harnessing the latest digital technology and experimenting with using new materials. And innovation at the ideas level is often accompanied by innovation in construction methods. So it should come as no surprise that many architects and enginee...
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Why should I use an R&D Tax Consultancy? Part 2

Date: 30th March 2017

Knowledge and Experience of the R&D Tax Scheme At RandDTax we have helped over 771 Companies gain more than £57 million in benefit from the R&D Tax credit and relief scheme in the last five years. We are experts. The question occurs - is it worth paying for expertise? Can a company do it themselves, perhaps with the assistance of an accountant, and save on the fees paid to a consultant? I have already talked about the risks around self-assessment. That fu...
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Now is the time to innovate – CBI calls for UK target - 3% of GDP spent on R&D

Date: 30th March 2017

As someone that meets a lot of people running innovative companies, which gives me some knowledge of the challenges they face – I was delighted to see that the CBI has published a report which calls for UK Research & Development (R&D) spend to be raised to 3% of GDP. Like any report of this nature it’s not a short read, so here is a summary of it. You can follow the link at the bottom to download the full report. “Gene editing, space tourism, self-driving vehi...
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Why should I use an R&D Tax Consultancy? Part 1

Date: 20th March 2017

The Self-assessment trap As the Director of RandDtax responsible for compliance I require a meticulous outlook and attention to detail which can lead people’s eyes to glaze over and cause a degree of irritation. One of the things that really irritates me, and sets me on edge, is when I hear someone talking about their R&D claim being “approved” by HMRC. It is crucial to understand in a self-assessment world that the processing of a claim or paymen...
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R&D Tax Credits in the 2017 Budget

Date: 8th March 2017

The government continues its commitment to the R&D scheme. “As I committed at the Autumn Statement, we’ve reviewed, with business, our R&D tax credit regime and concluded that it is globally competitive. But to make the UK even more attractive for R&D we have accepted industry calls for a reduction in administrative burdens around the scheme and will shortly bring forward measures to deliver them.” Chancellor Philip Hammond, Budget Speech 20...
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RandDTax

Date: 8th February 2017

THE ENTERPRISE AWARDS 2017 "The Oscars of the Technology Industry" Wednesday 14 June 2017  The Dorchester, Park Lane, London in association with the Worshipful Company of Informatio...
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R&D Tax Credits – Are you claiming your full entitlement?

Date: 21st December 2016

The Average SME claim, as stated by HMRC in their latest released stats covering the fiscal year to end March 2015, is just over £43K We are constantly surprised when SMEs tell us that they have claimed R&D Tax relief, or rather that their Accountant has claimed for them, and that the amount is much less than this. When we ask “how did you calculate this figure?”. the answer is a quick 5 minute conversation with the Accountant, finger in the air and a guess...
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I’m a website designer business – Can I claim R&D Tax Credits?

Date: 21st December 2016

Well here’s how you can tell First, ask yourself a few quick questions:   Web based application software? Check out your claim… Do we spend time designing web based applications rather than just creating websites? Do we...
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Developing software – Can I claim R&D tax credits?

Date: 13th December 2016

Well if your software based products or solutions are innovative, then you might be remiss not to check!   Designing software based solutions? Claim R&D tax credits now. Do you employ software developers? Does the work that they do require testing...
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