If so, STOP & THINK before you respond or agree to a meeting! The HMRC inspectors know their stuff, and will send you considered, polite questions seeking “clarification”. Be under no illusion that this is a “good cop, bad cop” approach, and although your answers may help the claim get … Read more
The UK is well known internationally for having a generous and effective R&D tax incentives system. This includes the SME R&D Tax Credit, RDEC and the Patent Box. As a specialist in this area I’m asked increasingly by tech and biotech firms for practical advice to convert the headline statements … Read more
If you are involved in buying or selling companies (or are planning to), then this article is aimed at you. You may not think R&D tax credits are a factor in your transaction, but read on, as you might be surprised!… Read more
This article covers a poorly understood area where we have frequently seen companies miss out on the opportunity to benefit from R&D tax credits. If you are an SME working in a scientific or technical field, but have been told that you don’t qualify for R&D tax credits, you may … Read more
This is a common question we are asked after having made a client’s first claim, particularly where the claim may have involved claiming for work done by other companies. There is not a simple answer to this, but in this article we will show you some of the factors that … Read more
This article will try to explain the issues around the interaction of grants and R&D tax incentives, and provide some guidance for those considering applying for grants, or for those who have already been awarded a grant and want to claim R&D tax credits.… Read more
Yesterday’s budget included a high profile announcement of increasing R&D tax credits, and plenty of talk about supporting innovation and new technologies. Whilst this is all good news, we can’t help feeling that an opportunity has been missed to improve the support provided to smaller businesses.… Read more
There are a number of subtleties to the process of claiming R&D tax credits that can reduce or completely eliminate the value of a claim. Whilst some are unavoidable, here is a list of things that can potentially make a significant difference to the claims made by SMEs.… Read more
Since I’ve been handing R&D tax credit claims for a living, the companies I deal with the most are manufacturers, something that is also confirmed by the official statistics published by HMRC. Despite this, manufacturing is still an area where large numbers of companies are missing out on claims they … Read more
Knowledge Transfer Partnerships or KTPs are a long established mechanism for collaboration between universities and companies, supporting innovation and transfer of capabilities from universities to companies. This article shows how to maximise your R&D tax credit claim when you have an active KTP.… Read more