We are very pleased to announce that we have become supplier members of the Self Storage Association UK. The SSA is the principal trade association representing both self storage operators and industry supplier members’ interests in the UK. Supplier members of the SSA are believed to be the best in business, ensuring members and the industry are well serviced to help them grow and protect their businesses. Beavis...
Read MoreThe Start Up Energy Transition (SET) Award is an international competition for startups and young companies worldwide who are working on ideas affecting global energy transition and climate change. In the last four years, the award has received more than 2,300 applications from 102 countries. SET is powered by the German Energy Agency (dena), in cooperation with the World Energy Council. The five categories of the fifth...
Read MoreIf you are a high growth business with ambitions to expand, the NatWest Accelerator programme could help. You may be looking to build your team, venture into new markets or seeking further investment. The programme could help you gain the knowledge and skills to excel in a range of business areas including: Accessing new markets Attracting talent and building an effective team Access to growth funding ...
Read MoreThe Department for Business, Energy and Industrial Strategy (BEIS) has opened the new Industrial Energy Transformation Fund (IETF) Phase 2: Autumn 2021 competition window. Businesses in England, Wales and Northern Ireland can bid for a share of up to £60 million in grant funding through the new competition window, which is open for applications until 6 December 2021. The competition will provide grant funding towards the costs...
Read MoreA recent landmark tribunal victory against HMRC, pertaining to a disputed £1 million Research & Development (R&D) tax relief claim, Quinn (London) Limited v Revenue & Customs, has important implications for all limited companies seeking to claim R&D tax relief, particularly Small and Medium Sized Enterprises (SMEs). The landmark First-tier Tribunal (FTT) judgment regarding SME R&D tax relief and subsidised R&D expenditure was based upon an...
Read MoreThe Chancellor announced in his Autumn Budget that R&D tax reliefs would be reformed to support modern research methods. As part of Tax Administration and Maintenance Day, the Government has now set out further plans to continue building a modern, simple and effective tax system - which helps taxpayers get their tax right the first time - as well as the next steps for the...
Read MoreEnterprise Nation is partnering with Aviva and Smart Energy GB to help businesses implement sustainable best practices that deliver a positive impact on the planet, society, and the economy. The programme has been designed to support small and medium businesses and business owners by increasing their understanding of environmental and social issues in the UK, showcasing relatable role models, building sustainable ventures, plus encouraging change through...
Read MoreThe Seafood Innovation Fund (SIF) is now accepting third call applications. The SIF programme focuses on delivering longer term, cutting-edge innovation across the seafood sector, and helping to take innovative ideas from early-stage research to commercial viability. The programme includes: primary producers onshore supply chains marine and diadromous fisheries marine and land-based aquaculture The programme excludes: freshwater fishing recreational fishing This call is open for feasibility studies only. The...
Read MoreGrants of up to £5,000 are now available to help UK businesses collaborate with partners in other countries to develop bids for Pillar 2 of Horizon Europe. The funding, provided by the UK’s Department for Business, Energy & Industrial Strategy, aims to develop collaborative activity between UK and EU/associated countries’ entities. This activity should focus on Pillar 2 of Horizon Europe, which is Global Challenges and...
Read MoreIETF Phase 2 provides grant funding for feasibility and engineering studies, industrial energy efficiency and deep decarbonisation projects. The Department for Business, Energy and Industrial Strategy (BEIS) has opened the new Industrial Energy Transformation Fund (IETF) Phase 2: Autumn 2021 competition window. Businesses in England, Wales and Northern Ireland can bid for a share of up to £60 million in grant funding through the new competition window,...
Read MoreThe Red Diesel Replacement competition aims to accelerate the commercialisation of low carbon red diesel alternatives. The £40 million Red Diesel Replacement competition aims to support the development and demonstration of low carbon fuel and system alternatives to red diesel for the construction, and mining and quarrying sectors. The competition will support the decarbonisation of these high-impact sectors that will be affected by the partial...
Read MoreApply for a share of up to £800,000 for early-stage, human-centred design projects in creative or immersive experiences. Innovate UK, as part of UK Research and Innovation, will invest up to £800,000 to fund early-stage, human-centred design projects through the Audience of the Future Challenge Fund. The aim of this competition is to support early-stage projects to generate ideas that meet customer needs, using research and human-centred design...
Read MoreApplications are now open for UK businesses, innovators and researchers to access funding through the EU’s Horizon Europe programme. UKRI (UK Research and Innovation) is urging businesses, innovators and researchers to apply for access to new markets, capabilities and technologies as well as billions of pounds of funding through the Horizon Europe scheme. Horizon Europe is the EU’s key funding programme for research and innovation...
Read MoreThe Defence and Security Accelerator (DASA) and the Defence Science and Technology Laboratory (Dstl) Space Programme have launched the Space to Innovate Campaign. The campaign seeks proposals for developing future space technologies, including satellites and space-based services, which will enhance and protect space military and civil potential. It is open to innovators from both the existing space sector and those who have not traditionally worked in this...
Read MoreThe regulations for Research & Development (R&D) Tax Relief claims is a lengthy section of legislation in the Corporation Tax Act. It comes as no surprise then that, without knowing every detail of the legislation or having the professional experience, costly errors and misinterpretations often occur. HM Revenue & Customs (HMRC) operates R&D specialist units to examine R&D claims to ensure compliance and avoid misuse. Errors...
Read MoreA proposal of enhancing the Research and Development (R&D) Tax Relief Scheme has been published in a report* by economic public affairs specialist, WPI Strategy, and backed by the leaders of eight major trade organisations. The modelling shows the suggested reforms, most notably, allowing the inclusion of capital expenditure in R&D tax claims, which would create £4billion of growth and 12,000 new jobs within 10 years....
Read MoreUK Government business support and incentives have become more important than ever to transition the potential impacts of COVID-19 and Brexit in 2021 and beyond. The government’s commitment to become a ‘science superpower’ will require increased investment in Research and Development (R&D) with the government’s long-term industrial strategy aiming to raise R&D investment to 2.4% of GDP by 2027. Alongside our scientists, Britain’s booming tech industry has...
Read MoreComments from Beavis Morgan: At Beavis Morgan, we believe in the integrity of the Research and Development (R&D) Tax Relief scheme and welcome changes to avoid abuse thereof, but we are also committed to helping our clients make the best use of R&D credits as a valuable and legitimate tax relief to support growing businesses across a wide range of sectors. Following a consultation process, HMRC has...
Read MoreThis week we welcomed the news of the world’s first successful trial of a coronavirus vaccine. As we await approval, our thoughts turn to the huge task of getting millions of doses to the UK population which poses an enormous supply chain challenge. To complicate things further, the new vaccine would need a deep–freeze delivery chain. The vaccine requires storage at -70C, significantly lower than any other...
Read MoreAmidst a global pandemic, and with the UK’s imminent departure from the EU causing turbulence and uncertainty across the economy, it is understandable that limited companies are crying out for support from the government. But, while some schemes have been put in place to combat the economic downturn felt by both companies and individuals, such as the furlough scheme and the Coronavirus Business Interruption Loan...
Read MoreResearch & Development (R&D) tax relief is available to businesses in the UK across all sectors who are pushing the boundaries in their area, exploring ways to improve their production or manufacturing processes, undertaking software development projects or, as is currently very prevalent, adapting processes to support the COVID-19 efforts. It doesn’t matter if another company has achieved the same end goal, or that the...
Read MoreAre you an innovative company who holds a patent or an exclusive licence to the rights of a patent? If this is the case, there is the potential for profits directly earned from the patent to be taxed at a reduced Corporation Tax rate of 10% rather than the current rate of 19%. This is a much under claimed relief which complements Research & Development (R&D)...
Read MoreThe dramatic spread of COVID-19 has disrupted lives, livelihoods, communities and businesses worldwide. Small, medium and large businesses across the UK and abroad are coming together and innovating to minimise the impact on public health and to limit disruptions to economies and supply chains. We have seen 3-D printing manufacturers adjusting their processes to produce ventilators and respirator components, technology and engineering businesses collaborating in response to...
Read MoreThere 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, Simon McCarthy within Beavis Morgan’s specialist R&D Tax Advisory team, looks at the various types of IT/software projects and activities applicable for R&D tax relief, and why so many businesses are missing out on this valuable opportunity to...
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