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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Studies conducted revealed that in the UK, only 49% of business owners have heard about the research and development (R&D) tax relief. Even among those that are aware of the incentive, a large percentage believe their business would not qualify, however in many cases this is not correct. 57% of respondents say they have developed a [...]
Research and Development (R&D) tax relief is a form of Corporation Tax (CT) tax relief. It is a tax incentive that is designed to help companies who are willing to take risks by investing in new processes, products and services to become more competitive and more attractive to investors. R and D tax relief is [...]
R&D tax credits have been seriously underrated, and that means countless business owners are missing out on benefits that could be making their businesses flow a lot more smoothly. No matter what industry sector you are in, R and D tax relief can help. Here are five things they can offer your business that will [...]
If your company is involved in research and development, you’ll be glad to know that the UK government values your work. So much so that they’ve created the R&D Tax Relief, a tax program that offers credit to your tax return based on your research expenditures. The program isn’t for everyone, but filing for it [...]
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