Blog

EXCITING NEWS - WELL DONE

Date: 21st December 2018

We are delighted to announce that we have now helped companies claim over £101 million back in corporation tax relief or R&D tax credits since starting the business in September 2012.   Well done !  Wishing you all a very Merry Christmas and a Happy New Year
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Budget 2018 cap on R&D Tax Credits

Date: 30th October 2018

  The R&D scheme allows a company undertaking qualifying activity to claim a payable R&D tax credit if after the R&D enhanced deduction they are making a loss in the year concerned. Losses can then be surrendered for a tax credit on the basis of the lower of the post R&D deduction loss and the R&D enhanced expenditure (qualifying costs * 230% at present) at a rate currently of 14.5% for a cash credit. The Chancellor announced the following proposed chang...
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R&D tax credits - “We can get you more than they can!”

Date: 10th July 2018

R&D tax credits - “We can get you more than they can!” It’s not uncommon to hear of Research & Development (R&D) tax credit advisors proclaiming “We can get you more than they can” meaning that your R&D tax credit claims will be larger if you hire the proclaimer, than if you hire whomever else they are competing with. I am driven to take issue with this, and I will tell you why.  We live in a highly competitive world, so every...
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Up to date statistics on R & D Tax Credit claim values in UK – 2015 - 2016 tax year

Date: 24th May 2018

Total number of claims in year  26,255  - up 19% on previous year. Total number of SME claims in year – 21,865.  Up from 17,875 in previous year.  A 22% increase. Total cost of all R&D claims in year - £2.9 billion.  £1.3 Billion going to SMEs £16.5 Billion paid out since the start of R&D Tax Credits in 2000 -2001 from a total of 170,000 claims.   Terry Toms, Managing Director
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