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News from Beavis Morgan, experts in R&D Tax Relief

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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Revenues from esports, competitive video-gaming, are increasing dramatically as audience growth and commercial awareness escalate, particularly amongst the younger generations. According to a recent report, the esports market has now reached €240 million (£222.7 million), with some events even filling arenas. Revenue comes predominantly from sponsorship, advertising and media rights, as well as ticketing and game publisher fees. Advertisers are increasingly eager to tap into the 380 million-strong...

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From 1 April 2019 all claims for Research & Development (R&D) Tax Relief which form a part of an amended return must include a completed CT600 and a Corporation Tax computation. Those items can be included as enclosures to an email. Potential claims without both the completed CT600 and computations will be returned. Steve Govey, Head of Beavis Morgan R&D Tax Relief comments: “This just demonstrates the importance...

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There are many preconceptions businesses have that they 'don't do research & development’ and therefore won’t qualify for Research & Development (R&D) Tax Relief. In this blog, Steve Govey, Head of Beavis Morgan R&D Tax Relief talks to us about what R&D entails, who qualifies and why so many businesses are missing out on this valuable tax relief opportunity. “For businesses not yet claiming R&D Tax Relief,...

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Despite the fact that the vast majority of transport businesses are edible for Research & Development (R&D) Tax Relief, just a quarter are even aware it exists. According to recent findings, 79 per cent of businesses are wasting this valuable government incentive which encourages innovation by giving money back to companies who actively undertake the development of new products and business processes. The survey shows that transport...

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Government Research and Development (R&D) Tax Relief offers tax breaks designed to encourage innovation by incentivising companies to invest in R&D, enabling them to reduce their tax bill or claim payable credits on a proportion of their R&D expenditure. What can help you qualify for an R&D tax relief? While R&D tax relief is available to any company undertaking a project which seeks to achieve an advancement...

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While many companies are spending large amounts of money on developing their IT and infrastructure, or creating new and innovative products, a large number are still unaware that they can reduce their tax bill or claim payable credits on a proportion of their research and development (R&D) expenditure. A large percentage of UK businesses are therefore not taking advantage of R&D Tax Relief, despite government support...

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Eligibility is not limited to activities taking place in laboratories and science-based research centres. R&D Tax Credits can often be claimed in far broader areas and various enterprises could qualify for significant tax reductions and gain a cash flow boost. Loss making companies can even claim back tax they haven’t paid in the first place Examples of where your business might quality for R&D tax relief...

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Research and Development Tax Relief Article featured in Fashion Rider's Fashion & Finance Report, October 2018 Tax relief may not be something that the average fashion industry business has considered, but it can be of huge benefit to any organisation that develops its own products and concepts. In this report, we examine why research and development (R&D) is encouraged under the tax system, what it can mean to...

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The Research and Development (R&D) Tax Relief scheme are Government tax breaks designed to encourage innovation by incentivising companies to invest in R&D, enabling them to reduce their tax bill or claim payable credits on a proportion of their R&D expenditure. What can help you qualify for an R&D tax relief? While R&D tax relief is available to any company undertaking a project which seeks to achieve...

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