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How drones are changing the...

Is my drone business eligible to claim R&D Tax Credits? Although drones have been around for decades, there has been a surge in how many businesses are now finding valuable use cases to improve and power their business operations. In short, from science to surveying and surveillance. They have even expanded for use in agricultural,...

Events 2022: FI Group’s attending...

The Business Show Event The Business Show events hold some of the biggest events in Europe. Having connected thousands of savvy business owners and budding entrepreneurs for over 25 years, they share a wealth of knowledge, advice, and skills in the heart of London. Alongside the Business Show 2022, they also have Working From home...

How R&D Tax can help...

Why businesses should continue to invest Now is a worrying time for many businesses, with the Bank of England expecting inflation to increase above 11% by the end of the year. This can have a profound impact on your business. In times like these, the most common action to take is to stop investing in...

20.09.2022

BEIS

fintech

Funding

Grants

HMRC

Innovation

R&D

R&D Tax Credits

Funding the UK’s FinTech Boom

Investing in the future of financial services The UK is among the top 5 innovative countries, alongside Switzerland, the USA, and Sweden, with Israel, South Korea and Singapore following closely behind. Each year the UK has invested nearly £16 billion (just under 1% of GDP) in research. This is to develop new products to compete...

AR: The world between realms

Why you can claim R&D tax with AR research and development projects? Augmented reality (AR) is an enhanced version of the physical world that is achieved through the use of digital sounds, sensory stimuli, and visual elements. It allows users to pick a virtual image and overlay it on an image of an actual or...

R&D Tax Credits: How businesses...

What does my business need to do to claim R&D tax credits? Research and development (R&D) tax credits are incentives created by the UK government to reward innovative companies developing new products, processes, or enhancing existing ones, to accelerate their growth. In this guide we will cover: What are R&D tax credits.What makes your business...

R&D Tax: What Innovation Grants...

What is Innovate UK Grants Funding? Innovate UK is the primary UK funding body that provides financial grants to support and incentivise businesses to undertake research and development (R&D). Including but not limited to, processes, services, and products to test innovative ideas. In turn, these new developments result in economic growth for businesses and the...

R&D Tax claims from big...

R&D was introduced in 2000 for small companies and in 2002 for large companies in the UK. Brands such as Coca-Cola, Amazon, Nokia, Fitbit, and Nike have used research and development (R&D) incentives to claim tax credits. In this article, we will begin by looking at Coca-Cola’s R&D tax-claiming project that began when the sugar...

How to claim R&D Tax...

Blockchain has revolutionised the way data is controlled. Today, companies of all sizes are utilising and investing in the development of their technology. If you use blockchain and are looking to claim R&D tax incentives, you need to be able to demonstrate the innovation, engineering, and advances to the HMRC’s software specialists. This article will...