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Author: Georgina Swain

03 Jun

R&D Tax Relief in Motorsport

by Georgina Swain
in Uncategorized
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Companies that spend money developing new products, processes or services, or enhancing existing ones, are eligible for R&D Tax Relief. Examples of where your business might quality for R&D tax relief include: You are developing products improved by technology Your business has conducted research and development to improve current systems to maximise the efficiency of production and performance Your business is actively involved in building new...

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29 Mar

COVID 19 – Government calls for rapid sanitising technology for ambulances – Can your business help?

by Georgina Swain
in Uncategorized
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As the COVID-19 outbreak intensifies, UK government is turning to businesses with innovative products and ideas to support the medical sector. The Defence and Security Accelerator (DASA) has therefore launched a new Innovation Focus Area as part of its Open Call for Innovation, seeking industry’s help to identify rapid sanitising technology solutions that can be demonstrated in a live trial on an ambulance. If your business is...

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13 Mar

Beavis Morgan Budget 2020 Summary Report

by Georgina Swain
in development, R&D Tax Relief, research, taxcredits, taxrelief
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Chancellor Rishi Sunak has delivered his first Budget in the House of Commons, and the first since the UK’s departure from the European Union.  Although it was inevitably dominated by the impact of the Coronavirus and included a range of short term support for individuals and businesses, the Chancellor also included a variety of other measures to “get things done”. Please find enclosed a link to our Budget...

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11 Mar

Budget 2020 – Investing in innovation

by Georgina Swain
in development, R&D Tax Relief, research, taxcredits, taxrelief
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Government’s landmark investment is the largest and fastest ever expansion in support of researchers and innovative businesses. In today’s Budget announcement, the Chancellor of the Exchequer Rishi Sunak set out plans to increase public Research & Development (R&D) investment to £22 billion per year by 2024-25, taking direct support for R&D to 0.8 per cent of GDP and placing the UK among the top quarter...

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19 Feb

Delays to tax credits force startups to raise costly emergency funds

by Georgina Swain
in R&D Tax Relief
Comments

Significant delays by HM Revenue & Customs’ (HMRC) in the processing of Research & Development (R&D) Tax Relief claims in 2019 forced many startups to raise emergency funds. According to findings published on 16 February by the Financial Times* the long delays caused serious concerns for businesses who rely on HM Government’s investment in these reliefs to support their innovation, in particular startups who rely on...

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17 Feb

R&D tax relief claims could pay the salaries of 39,281 Londoners for a year

by Georgina Swain
in R&D Tax Relief, Uncategorized
Comments

While the number of research and development (R&D) tax relief claims have increased by 35 per cent per year since the introduction in 2001 to over £4 billion last year, many UK businesses are still not fully utilising this government scheme. According to research, however, even with many not realising that the work they do may well qualify, the number of claims made does demonstrate how...

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14 Dec

Beavis Morgan R&D Tax Relief Autumn newsletter

by Georgina Swain
in R&D Tax Relief
Comments

We are delighted to announce that the first edition of our Beavis Morgan R&D Tax Relief newsletter has been published. If you have not yet subscribed to receive our newsletter, please get in touch and we will add you to our mailing list. In this and future editions, we aim to highlight pertinent developments in relation to the field of research and development tax relief and...

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