mobile-logo

R&D Tax Relief

14 Mar

Beavis Morgan responds to the Government’s R&D Tax Reliefs Report

by Georgina Swain
in R&D Tax Relief
Comments

Last year the Government launched a review of the Research and Development (R&D) tax relief schemes. The objectives were to ensure that the UK remains a competitive location for cutting edge innovation, that the reliefs continue to be fit for purpose and that taxpayer money is effectively targeted.  A consultation was carried out and the Government announced at the Autumn Budget 2021 that it will...

Read More
08 Feb

Various innovation programmes launched

by Georgina Swain
in R&D Tax Relief
Comments

There are several innovation incentives which have been launched since the start of the year, all aimed at incentivising businesses to support key government sustainability initiatives: Hydrogen BECCS Innovation Programme The Department for Business, Energy & Industrial Strategy (BEIS) has launched a new programme to help develop innovative technologies to produce hydrogen, a clean energy source, from sustainable biomass and waste. The Hydrogen BECCS Innovation Programme is funded...

Read More
03 Feb

R&D Tax Relief for website and app development

by Georgina Swain
in R&D Tax Relief
Comments

A common misconception when it comes to HMRC’s R&D Tax Relief scheme, is that the only type of computer science/IT (Information Technology) projects or activities that can be claimed for under the requisite legislation, are those that exist in the domain of what are thought of as more nascent or emergent technology types. Examples here being Artificial Intelligence (AI), machine/deep learning and the use of...

Read More
02 Feb

Defence Innovation Loans applications

by Georgina Swain
in R&D Tax Relief
Comments

The Defence and Security Accelerator (DASA) launched Defence Innovation Loans in 2021 to offer small and medium-sized businesses affordable funds to help commercialise their innovations. The scheme was run in cycles; the last of these closed on 5 January 2022. After internal review, DASA has decided to tweak the format of the scheme to keep Defence Innovation Loans continuously open for proposals. The changes mean innovators can...

Read More
31 Jan

Proud Members of the Self Storage Association

by Georgina Swain
in R&D Tax Relief
Comments

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 More
07 Jan

Start Up Energy Transition Award 2022

by Georgina Swain
in R&D Tax Relief
Comments

The 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 More
14 Dec

Entrepreneur Accelerator Programme

by Georgina Swain
in R&D Tax Relief
Comments

If 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 More
14 Dec

Industrial Energy Transformation Fund Phase 2 Autumn 2021

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

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, which is open for applications until 6 December 2021. The competition will provide grant funding towards the costs...

Read More
09 Dec

Landmark R&D Tax Relief win against HMRC has important implications for SMEs

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

A 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 More
01 Dec

Government publishes further details from its review into R&D tax reliefs

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

The 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 More