What Is The R&D Tax Credit Potentially Worth To Companies?

Date: 6th September 2012

Research and Development Tax Credits – Latest Figures The latest figures published by HMRC in August 2012 show that in the year 2010/11 around 8000 SMEs claimed £340m, making the average SME claim worth about £42,000. From 1st April 2011 the rate at which qualifying Research and Development (R&D) expenditure is treated for Corporation Tax purposes increased from 175% to 200%, and on 1st April 2012 the rate increased again to 225%. On that basis it...
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Why Do SMEs Leave Thousand Of Pounds Worth Of R&D Tax Credits Unclaimed?

Date: 2nd August 2012

What Is The Problem That Leads SMEs To Leave Research and Development Tax Credits Unclaimed? The current market situation is compounded by the economic reality and difficulties in the lending sector, which make the availability of cash for investment in Research and Development projects, much harder for SMEs (Small and Medium Enterprises) to find. In this situation an average investment by the government of £43,000, is very welcome indeed – see How Much Did SMEs Claim In...
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How Much Did SMEs Claim in Research and Development Tax Credits Last Year?

Date: 24th July 2012

Research and Development (R and D) Tax Claims to April 2010 In the tax year to April 2010, 7,410 SMEs claimed an average of about £43,000 each from the UK government in R & D Tax Credits. As more and more UK companies use science and technology to gain competitive advantage; as more and more companies become aware of the massive level of financial aid provided by the UK government, and more and more consultancies and accountancy firms are providing help in order for SMEs to...
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Are You Overpaying For R&D Tax Credit Specialists?

Date: 17th July 2012

How Much Did You Pay for Help With Your R&D Tax Credit Claim? If you are already claiming R&D Tax Credits, you may be paying far too much in fees to one of the R&D Tax Credit specialist consultancies. There is very seldom the need to pay more than 18% of the tax recovered and there is no need to be tied to one consultancy, unless you feel they are offering exceptional value. Usually the critical factor for a small business is understanding the scope of what...
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Video – What Are R&D Tax Credits?

Date: 23rd April 2012

What Are R&D Tax Credits? An Interview with Terry Toms, R&D Specialist – Terry provides answers to those tricky questions on what UK R and D tax credits are, the kind of projects that quality for R and D tax credits and the amount you can claim. This is the first of a two part interview. Part 1 – covers What are R and D Tax Credits and how do you claim them? How do claims differ where a company is in profit or where they made no p...
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R and D Tax Credits – Good News In UK Budget Statement 2012

Date: 3rd April 2012

R and D Tax Credits – Restrictions Removed Research and Development Tax Specialists will be gearing up to help more UK companies claim their R and D Tax Credits as a number of restrictions were lifted from 1st April 2012. In the 2012 Annual Budget Statement the British Chancellor announced some welcome changes to the scope of R and D Tax Credit claims. The proposals included removing the rule that limits a company’s pay...
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R&D Answers: What Is The Claims Process For R&D Tax Credits?

Date: 4th March 2012

What Is The Claims Process For Research And Development Tax Credits? The claims process is part of the normal treatment of providing the necessary annual accounts information to HMRC, and the qualifying expenditure should be shown as an adjustment to the profit figure on which tax is calculated. Only the qualifying figure is needed for tax purposes, but you should maintain a record of how that figure has been calculated, and be prepared to show back up documentation such as pa...
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R&D Answers: What Do We Do at R&D Credits … And Not Do?

Date: 4th March 2012

What Do We Do And Not Do To Help You With Claiming Your Research And Development Tax Credits? Our role is to investigate the scope of your R&D work, make sure you understand the qualifying scope, review the technical aspects of qualifying projects and help you produce draft justifications for submission with the Corporation Tax claim. We do not take over the role of the accoun...
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R&D Answers: Will The Coalition Government Scrap R&D Tax Credits?

Date: 7th February 2012

Are Research and Development Tax Credits Under Threat From The New Coalition Government? The Conservatives originally announced that they would scrap Research and Development Tax Credits. However, a few weeks before the election, and following their Dyson Review on Innovation, they announced that they will not scrap the scheme. In fact in a...
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R&D Answers: Why Does So Much R&D Tax Credit Go Unclaimed?

Date: 2nd February 2012

Why have many companies with potentially valid claims either not claimed at all, or not claimed enough? There are many reasons why research and development tax credits go unclaimed. They range from companies thinking it is too complex and time consuming to assess qualifying work and make a claim for Research and Development Tax Credits; to misunderstanding the scope of qualifying conditions; or having tax accountants who do not fully understand what does and does not qualify; or they...
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