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SME R&D Tax Relief Tag

04 May

April 2023 changes to R&D Scheme – How will this impact your business?

by Georgina Swain
in R&D Tax Relief
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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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02 Dec

Preventing abuse of the R&D tax relief for SMEs: Second consultation

by Georgina Swain
in Covid-19, R&D Tax Relief
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Comments from Beavis Morgan: At Beavis Morgan, we believe in the integrity of the Research and Development (R&D) Tax Relief scheme and welcome changes to avoid abuse thereof, but we are also committed to helping our clients make the best use of R&D credits as a valuable and legitimate tax relief to support growing businesses across a wide range of sectors. Following a consultation process, HMRC has...

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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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17 Jul

8 out of 10 transport businesses eligible for R&D tax relief

by Site Administrator
in R&D Tax Relief
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Despite the fact that the vast majority of transport businesses are edible for Research & Development (R&D) Tax Relief, just a quarter are even aware it exists. According to recent findings, 79 per cent of businesses are wasting this valuable government incentive which encourages innovation by giving money back to companies who actively undertake the development of new products and business processes. The survey shows that transport...

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