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Research and Development

Many business owners are unaware of the potential benefits of R&D tax credits the may apply to their business. R&D tax credits enable companies that incur costs in the development of new products, processes or services, to receive a cash payment or tax deduction.

From 1 April 2015, the R&D tax claim enhancement is 230% of the qualifying R&D expenditure incurred – this means that if your business incurs expenditure of £1,000 on qualifying R&D, a deduction of £2,300 can be made when calculating the taxable profit for corporation tax purposes.

Our specialist team can provide advice on research and development, working closely with you to ensure that all qualifying expenditure is identified and recorded correctly. We will prepare the necessary reports for the required submissions to HM Revenue & Customs and liaise with them where necessary regarding the claim.

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News

5 December 2017

eNews – December 2017

In this month’s eNews we report on pertinent Budget announcements. We also report on the advisory fuel rates for company cars, rules for tax free Christmas gifts for employees and the ... Read more

24 November 2017

Budget Report 2017

Detailed Chancellor’s Autumn Budget 2017
Autumn 2017 Budget Summary
Read more

22 November 2017

Budget Key Points 2017

Autumn Budget 2017
If the chancellor was asked to produce a Budget that would not rock the political boat, then it looks as if that is what he has delivered. ... Read more