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19 Feb

Calls for Chancellor to enhance R&D Tax Relief

by Georgina Swain
in Covid-19, R&D Tax Relief, research, taxcredits
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A 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....

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11 Aug

Responding to the COVID-19 pandemic – R&D Tax Relief

by Georgina Swain
in Covid-19, development, R&D Tax Relief, research, taxcredits, taxrelief
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The 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...

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15 Jul

R&D Tax Relief – What IT/software projects and activities qualify?

by Georgina Swain
in development, IT, R&D Tax Relief, research, taxcredits, taxrelief
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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, 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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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
Comments

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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