R&D Tax Credits | FI Group UK

The Modern Day City Shrinkers:...

The current landscape The electric vehicle industry is growing every year and significantly, the automotive sector announced that the sale of conventional petrol and diesel cars will be banned by 2030 in the UK. This phenomenon has also introduced itself in urban mobility. Mintel reported that in 2020 eBike purchases made up 22% of overall...

01.12.2022

Funding

IETF

Innovation

investment

R&D Tax Credits

Industrial Energy Transformation Fund (IETF)...

How the IEFT can help fund your high-energy use business. The world is shifting toward a more renewable future. The industrial energy transformation is underway with new technologies and innovations that are changing the way we use energy. But the move away from traditional energy sources has left manufacturers in a difficult position. The IETF funding...

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 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,...

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...

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...

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...

R&D Tax: What are the...

Quarterly R&D Tax reporting is more beneficial than yearly reporting. But before we begin with why, let's look at what R&D Tax Credits are. R&D Tax Credits are offered by the government for research and development projects (R&D). In essence, to help fund innovative businesses in the UK. However, for small to medium enterprises (SMEs),...

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...