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The R&D Autumn Budget

Looking at the good and the Bad The R&D Autumn Budget: What was announced It has been just over a week since The Chancellor of the Exchequer Jeremy Hunt released his R&D Autumn Budget for 2022. It has been met with mixed emotions across the R&D industry. In November 2021 it was announced that the...

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...

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...

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...

What Makes A Good R&D...

R&D Tax Credits are offered by the government for research and development projects to help fund innovative businesses in the UK. However, for small to medium enterprises (SMEs), the claiming process can be complex and overwhelming. There are two parts for SMEs to include when claiming R&D Tax credits: Accounting for costsCreating a technical narrative...

R&D Tax Credits: How Many...

The R&D Tax Incentives support UK innovation by offering cash credits and tax relief. This is for those businesses that have performed research and development projects. A common question about R&D tax for businesses is how far back they are able to make a claim. Knowing the time period for which you are still eligible...

Levelling Up – UK Government...

Last month, Michael Gove unveiled the UK government's plans for "Levelling up" after releasing their White Paper that set the precedence for spreading opportunity and prosperity across the UK. As set out by Gove, the plan will be the most significant shift of power given to local leaders in modern times and promises to provide...

2023 Proposed Changes to the...

The landscape of UK R&D tax is going to change significantly from 1 April 2023, as the UK are expecting a number of changes to the R&D scheme, the changes of which, were first announced in the 2021 Autumn Budget, as well as published in HMRC’s report for R&D Tax Reliefs. The changes announced aim...

24.03.2022

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R&D Tax Credits

UK 2022-2025 R&D Budget

Earlier this month the Department for Business, Energy & Industrial Strategy announced the largest research and development (R&D) budget in UK history. The 2022-2025 budget has been set at £39.8 billion, and will ‘help deliver the government’s Innovation Strategy and diver forward ambitions as a science superpower’. A significant proportion of the budget has been...

November HMRC R&D Tax Relief...

In the latest HMRC report outlines some of the latest government updates, with R&D tax being one of the key topics. This report gives more clarity about the effects of the recent budget. New changes also announced on the 30.11.2021: Companies will need to inform HMRC, in advance, of their intention to make a claim....

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The R&D Autumn Budget

Tag: HMRC

The R&D Autumn Budget

How R&D Tax can help...

Funding the UK’s FinTech Boom

R&D Tax: What Innovation Grants...

What Makes A Good R&D...

R&D Tax Credits: How Many...

Levelling Up – UK Government...

2023 Proposed Changes to the...

UK 2022-2025 R&D Budget

November HMRC R&D Tax Relief...

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