R&D

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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 [...]

Corporate Tax Relief on R&D for Small or Medium-Sized Enterprises

By |February 17th, 2020|Tags: , , , , |

Corporate Tax relief may be available for your small or medium-sized enterprise (SME) for costs incurred on research and development (R&D). R&D relief allows SMEs that carry out qualifying R&D related to their trade to claim an extra Corporate Tax deduction for certain qualifying expenditure. You can make a claim for R&D relief up to [...]

Changes to R&D Tax Credit Claim Filing Process From 1 April 2019

By |February 17th, 2020|Tags: |

From 1 April 2019, R&D tax credit claims must be accompanied by a CT600 and full computation. A claim for R&D Relief up to 2 years after the end of the accounting period it relates to can be claimed by entering your organisation's enhanced expenditure into the full CT600 form. HMRC has implemented this change to [...]

When it comes to R&D, ‘incurred costs’ and ‘paid costs’ are two different things in the eyes of HMRC.

By |November 22nd, 2019|Tags: , , , |

Any company engaging in R&D activities and claiming tax relief will have claimed in one, if not many, eligible cost categories. Naturally, each category has a set of requirements and it's important to know what these are. For a number of categories 'incurred costs' and 'paid costs' are not the same things. In simple terms, some [...]

Makeup Lessons–With Just Yourself?: London-based Wow How creates VR/AR makeup app

By |August 13th, 2018|Tags: , , , , , , , , , , , , , , |

The world of makeup can be a daunting, even for the most experienced of artists. Maybe you’re a person who is traditional, meaning you haven’t changed your makeup in the past 10 to 20 years. Perhaps you have changed your makeup recently, but you want to be a bit more experimental without the risk of [...]

U.K. R&D spending is still not enough!

By |March 16th, 2018|Tags: , , , , , , , , , , |

Despite U.K R&D spending reaching a record breaking 33.1 billion pounds, its efforts were still not enough and it currently only ranks 11th in the European Union, according to Office Of National Statistics. This signifies that Britain is lagging behind its major European peers when it comes to R&D spending. Britain invested 1.67 percent of [...]

Unilever opens new research and development centre in the UK

By |March 6th, 2018|Tags: , , , |

After two years of construction the new Unilever research and development centre opens in Merseyside, Uk. The R&D facility features a pilot plant which will allow scientists and engineers at Unilever to test new ideas on a factory scale. The site director Cameron Jones is delighted to announce the official opening of the advanced manufacturing [...]

Have you got tastebuds for detection? This might be the tasty role for you!

By |February 9th, 2018|Tags: , , , , , |

Attention all chocoholics! How does getting paid to eat chocolate sound? Think it’s too good to be true, well think again because four new roles have opened up in the UK as a professional taster of Cadbury chocolate, Oreo cookies and cocoa drinks. Cadbury is calling all people with tastebuds for detection and with a [...]