R&D Tax Relief

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Eligibility and Evidence for R&D

By |May 26th, 2017|Tags: , , , , , , |

Introduction A Research and Development claim can potentially provide a net cash benefit of up to 30% of your development costs for SME’s and 7.2% for larger companies. Therefore if a company is engaging in R&D activities by producing new knowledge, exploring the path of lodging a claim and doing so correctly is a worthwhile [...]

R&D Tax Credit explained – How can your business benefit?

By |May 22nd, 2017|Tags: , , , , , , , , , |

The Research and Development (R&D) tax credit scheme was introduced in 2000 as a welcome benefit by the Government for many businesses. The incentive was introduced as an encouragement for UK businesses to become more globally innovative and competitive by investing into R&D towards technological advancements in products, services or processes. Unfortunately HM Revenue and Customs [...]

Autonomous driving coming to the UK

By |May 18th, 2017|Tags: , , , , , , , |

The tech company, Oxbotica, will lead an ambitious and ground-breaking 30-month programme to get fully autonomous vehicles travelling between London and Oxford. The study will work to resolve the fundamental challenges preventing the future commercial deployment of fully autonomous vehicles. The funding for the research comes from the government’s Industrial Strategy Challenge Fund, which is [...]

Innovation is changing the rail industry

By |May 12th, 2017|

A state-of-the-art innovative seating system has been developed for trains enabling operators to configure specific carriages to carry either passengers or high-value cargo as required. This is the first time ever that a passenger train can also be used as a cargo train. The fully automated adaptable carriage system requires minimal effort from operators and [...]

Could innovative water balls be the key to reducing plastic waste?

By |May 10th, 2017|Tags: , , , , , , , , , , , |

Who would have thought that small spheres filled with natural or flavoured water could be the future solution to London’s plastic waste problem. In hope for a more sustainable future, the UK start-up company Ooho has started to create water balls, which resemble large bubbles and have a jelly-like membrane made of plant and seaweed [...]

Amazon Continues To Grow Its Innovation Story

By |May 8th, 2017|Tags: , , , , , , |

With hope to continue developing Amazon's presence in the U.K, the company has announced its big plans to open a new Research and Development site in Cambridge to supplement the already operating ones in Edinburgh and London. The new 60,000 square foot facility, which is scheduled to open this coming autumn, will reportedly be able [...]

Construction Industry R&D misconceptions!

By |May 4th, 2017|Tags: , , , , , , |

It seems that the common misconceptions regarding research and development (R&D) tax relief which have been overcome in other industries are still lurking in the construction sector. Whilst the majority of people working in the construction industry have heard of R&D tax relief, there is often a misconception that it is not applicable. However, the [...]

UK Gov invests £1billion into cutting-edge technologies

By |May 2nd, 2017|Tags: , , , , , , , , |

The UK Government has plans to invest £1billion into cutting-edge technologies over the next four years. The technologies to be invested into will be: Healthcare and medicine; robotics and artificial intelligence; batteries for clean and flexible energy storage; self-driving vehicles; manufacturing and materials of the future satellites and space technology. These new projects will create [...]

Cambridge R&D facility reaches key milestone

By |April 27th, 2017|

The bio-pharmaceutical company, AstraZeneca, has marked a key milestone in its successful move to Cambridge, UK, with the 'topping out' of its new state-of-the-art strategic R&D centre. The 'topping out' milestone represents the completion of the new facility's concrete frame and the focus is now directed at stalling the roof, external glass cladding and starting the [...]

Government invests £109.7 million into R&D to reduce emissions

By |April 26th, 2017|Tags: , , , |

The Government has invested £109.7 million into 38 automotive research and development projects in hope to greatly reduce the emissions footprint. Funding has also been provided for people purchasing electronic vehicles (EV) and installing EV chargers in their homes. People purchasing EV's will benefit from up to £4,500 off the cost of an ultra-low emission car, £2,500 off [...]