Contractors are one of the qualifying expenses of R&D tax claims. This allows companies to rely on external experts while increasing the size of their available tax credit. However, there are some caveats and exceptions to the rule. When a subcontractor or an Externally Provided Worker (EPW) is classed as “connected”, the qualifying expenditure is [...]
The UK Government has committed to finding ways to achieve a green and prosperous future. The Department for Business, Energy and Industrial Strategy (BEIS) has a critical part to play in this endeavour. They spent the past year tackling huge challenges brought on by the coronavirus pandemic in addition to working on a comprehensive trade [...]
The UK government is committed to expanding innovation through all industries. Recently, UK Treasury Secretary Rishi Sunak has announced plans for £ 375 million in funding for tech startups. This funding will come through as the Future Fund: Breakthrough scheme. The Future Fund:Breakthrough scheme encourages private investors to co-invest with the government in high-growth, innovative [...]
Pyreos Ltd, a manufacturer of mini, rugged, pyroelectric, mid-infrared sensors and detectors, made claims for tax relief for the 2010 and 2012 tax years. With the claim being made under section 1119, CTA 2009, they relied on Pyreos being an autonomous SME. Because of this, the Commission Recommendation (EC) sought to look at the composition [...]
University of Bath’s Centre for Sustainable and Circular Technologies (CSCT) has created a new collaboration between academia and industry. The goal is to create sustainable chemical technologies to accelerate the UK into a net-zero carbon emission status. iCAST -the Innovation Centre for Applied Sustainable Technologies - will aim to facilitate this transition. They’ve pulled experts [...]
Hadee Engineering Co Ltd v Revenue & Customs [2020] UKFTT 497 (TC) Background Hadee Engineering Co filed for R&D tax credits for the 2009 and 2010 tax years. These claims were denied by the HMRC. Naturally, Hadee Engineering appealed this decision. The claims were made under the SME scheme, claiming enhanced expenditure of 75%. The [...]
PAC Group have shown impressive innovation and advancement of their company. The hard work pays off as they receive the Queen's Award for Enterprise: Innovation and the Platinum Level Inventor accolade back to back. The Queen’s Award for Enterprise Innovation is a high honour, going to a company who has experienced commercial success as a [...]
The UK space sector is in a good place to expand as we recover from the COVID-19 pandemic. Know.space’s recent Size and Health of the UK Space Industry report commissioned by the UK Space Agency shows growth in both jobs and income as well as an increase in R&D investment. The report, which looks at [...]
Seamus McCaffrey, a top agricultural accountant in Northern Ireland is set on raising awareness, urging farmers to apply for the R&D tax credit. He is trying to encourage farmers whose businesses are registered as a company to take advantage of the up to 230% tax credit on money invested in R&D. Many businesses view R&D [...]
In data recently released by HMRC, more than 52, 000 small and medium-sized companies claimed R&D tax credits for the 2018-19 tax year. They noted that the total relief claimed was near £6 billion, and half of that came from these smaller businesses. In comparison to prior years, this shows a 19% increase in small [...]
Daniel McGregor2022-08-11I have been using Swanson Reed for my clients for more than a decade. Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients. Highly recommended.
Anatole Kononewsky2022-06-02The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
Melissa Doddy2022-05-31The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end. Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
Alana Owers2022-05-30We have been dealing with Damian and Swanson Reed for several years in relation to processing our R&D claims. Always find them easy to deal with and helpful with all concerns and queries we have. We would highly recommend Swanson Reed for your R&D help.
Mexx Engineering2022-05-27We are a client of Swanson Reed since 2010. Damian and his team are very professional and extremely organised. At all times, our R&D applications were handled with care. They have reviewed each application extensively and made sure that we are supported every step of the way. We highly recommended their services.
Sarah Heath2022-05-27Damian and the team at Swanson Reed have been one of the most efficient professional organisations I have dealt with - their response time is commendable. Their specialist knowledge of R&D is extremely extensive but yet practical and importantly, they are approachable and considerate to the client's needs.
David Reisner2022-05-26We engaged with Damian and Angel at Swanson Reed on the recommendation of a related party. For the past four years they have helped my company navigate the process of research and development incentives offered by the Federal Government. This has been the single most important relationship we have had in financially supporting our journey as a start up. I can't recommend this organisation highly enough.
Sarah Hay2022-05-26Damian, Angel and the team have held our hand through the application of numerous R&D claims. They have consistently guided us through the collation of required information, ensuring compliance and simplifying the daunting task. Swanson Reed’s involvement has been vital to our successful applications!
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