R&amp;D Tax Relief Tag

in R&D Tax Relief

Applications 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...

19 Feb

Calls for Chancellor to enhance R&D Tax Relief

in Covid-19, R&D Tax Relief, research, taxcredits

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....

15 Jul

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

in development, IT, R&D Tax Relief, research, taxcredits, taxrelief

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...

19 Feb

Delays to tax credits force startups to raise costly emergency funds

in R&D Tax Relief

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...

31 Jul

R&D Tax Relief – A complicated and convoluted claims process

in R&D Tax Relief

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...

24 Jul

Think you don’t do research & development? Think again!

in R&D Tax Relief

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,...

19 Jun

Money Back for Innovation in Fashion

in R&D Tax Relief

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...

11 Jun

Tips for understanding Research & Development Tax Relief for your business

in R&D Tax Relief