Autumn Budget 2017

Date: 23rd November 2017

The only substantive change to the R&D Tax Credit regime in the budget were around RDEC for large company claims: Rate increase from 11% to 12% with effect from 1 January 2018. Introduction of Advanced Clearance Service (The SME scheme already has Advanced Assurance) Full details can be found in section 5.5 of the
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How do Grants and Research & Development Tax Credits Work Together?

Date: 27th June 2017

It’s a popular myth that you cannot claim UK Government’s Research & Development (R&D) tax credits if you have received grant funding. This is not strictly true, the grant funding will change how much you can claim under the R&D schemes, but the receipt of grant funding does not rule you out from claiming R&D tax relief or credits. Many innovative and pioneering companies, especially those that are under five years old, have to secure a mix of finding from d...
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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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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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