R&D Tag

Article first written for RIBA members and posted on the RIBA website. Sustainability has emerged as a paramount concern in the architectural industry today. The integration of sustainable practices and technologies not only helps protect our environment but also yields healthier, energy-efficient buildings. Recognising the significance of sustainability and the substantial investments architects make in research and development (R&D), Beavis Morgan R&D, a specialist adviser to...

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In our recent webinar, we looked at the changes to the R&D Tax Relief scheme which came into force in April 2023 and discussed how businesses can prepare for these changes. We also highlighted the potential benefits and drawbacks of the new scheme and provided practical tips on how to maximise your R&D Tax Relief claim under the new rules. Here is a summary for those...

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Innovate UK is offering small and micro businesses a share of up to £30 million in grants alongside tailored business support delivered by Innovate UK EDGE. You can apply for up to £50,000 for highly innovative ideas that have a clear route to commercialisation through business growth. Your project must lead to new products, processes or services that are significantly ahead of others currently available, or propose...

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Following stakeholder feedback from the consultation held by the UK government, the Spring Statement 22 announced a number of beneficial reforms to be brought into effect from 1st April 2023. These include the following: Enhanced Research & Development (R&D) Tax Relief potential: Acknowledging that the appointment of overseas subcontractors and agents is sometimes absolutely necessary, the costs associated with their commissioning will continue to be allowable in...

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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...

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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...

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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...

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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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