R&D Tax Relief Tag

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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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...

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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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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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