AHK Recruitment Limited v. HMRC

By |September 22nd, 2020|Tags: , |

BACKGROUND AHK Recruitment Limited (“AHK”) v. HMRC (2019) AHK is a UK based company that provides human resources (HR) services and develops HR systems. In 2014 and 2015, the company aimed to research employee attributes (e.g. values, motivation and intellect) and develop technology to assess these in a statistical, methodical way. This work sought to: [...]

The Most Innovative Cities in the United Kingdom

By |August 20th, 2020|Tags: , , |

The common way in which innovation is tracked, is to look at the number of patent requests originating in any one city or region. By registering a patent, you are essentially registering an idea that was unique to you and receiving acknowledgement from the government that no one can steal your work. 1. Cambridge Recently [...]

Harbourside Products Receive £165,000 in R&D Tax Relief

By |August 19th, 2020|

Harbourside Products in Maryport has recently received £165,000 in R&D tax relief. The company spent over £200,000 to invent a new way of slicing smoked salmon that reduces wastage. This has allowed the company to create new recipes for their pâtés, terrines of chicken, duck, game, ham hock and rabbit.  Owner Richard Hodgson stated, “We [...]

A New Study from the European Patent Office shows that the United Kingdom is a European Hub for Innovation in 3D Printing

By |August 5th, 2020|Tags: , , , |

A new study conducted by the European Patent Office reveals that the United Kingdom is leading Europe in 3D printing. The United Kingdom accounts for 5 per cent of 3D printing patent applications at the European Patent Office, putting it in second place behind Germany. There has been a rapid increase in European 3D printing [...]

Agricultural R&D Makes Up Less Than 1 Percent of UK R&D Claims

By |July 22nd, 2020|

According to an article by Global Ag Media, many farmers in the UK are not taking advantage of the R&D tax credit for their innovative work. The agriculture sector makes up less than 0.5% of all UK R&D claims. However, those who do make a claim receive an average refund of £52,000. Agricultural companies developing [...]

Cardiff Leading Innovation in Wales

By |April 28th, 2020|Tags: |

The latest HMRC figures show that Cardiff has the highest percentage of innovative activity in Wales, with 315 successful R&D tax relief claims made for the 2017-18 financial year. This amounts to 2.4% of all businesses in the area, with finance and software companies being among the top sectors investing in R&D. In Wales, figures [...]

Businesses with Innovative Solutions could be awarded £50,000 by Innovate UK to further develop their ideas

By |April 15th, 2020|Tags: , , |

UK Research and Innovation (UKRI) is an organisation working in partnership with universities, research organisations, businesses, charities and government to foster and develop research and development. Innovate UK, the innovation arm of UKRI has announced their plans to invest £20 million in coronavirus R&D “resilience” projects. Innovate UK is calling for businesses in the UK [...]

Preparing a CT600 to Claim Research and Development Tax Relief

By |March 9th, 2020|Tags: , , |

If you are a small or medium-sized enterprise (SME), you may be eligible to claim R&D tax relief, if your project meets the definition of R&D. This will allow your company to: deduct an extra 130% of the qualifying cost from your yearly profit, as well as the normal 100% deduction, coming to a total [...]

Proposed R&D Tax Credit Scheme Could Harm SMEs

By |March 8th, 2020|Tags: , , , , |

A statement released by the BioIndustry Association (BIA) highlights the potential harm the proposed changes to the R&D tax credit schemes could have on small and medium-sized enterprises (SME). The government is proposing to introduce a cap on the value of cash payments that loss-making SMEs can receive through R&D tax credits. This would be [...]

UK-based Start-up Specialising in Carbon Separation Technology has Secured £12.3 Million in Investments

By |February 18th, 2020|Tags: , , , |

Three global investors, WAVE Equity Partners, Chevron Technology Ventures and Marubeni Corporations, have invested £12.3 million in UK carbon dioxide separation technology innovator, Carbon Clean Solutions Limited (CCSL). CCSL, a UK-based start-up founded in 2009, is pioneering the way of developing affordable carbon capture technology for utilisation and storage, as used by steel, cement, refining [...]