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

21 November 2019

eNews – November 2019

In this month’s eNews we report on an IR35 appeal, HMRC’s clampdown on enablers of tax avoidance schemes and an update on probate fees. With a Charity Commission report on ... Read more

11 October 2019

eNews – October 2019

In this month’s eNews we report on the delay to the VAT domestic reverse charge and the announcement of an independent review of the loan charge. A consultation has also ... Read more

11 September 2019

St Nicholas School defibrillator donation

Mander Duffill has become actively involved with St Nicholas School during the year, initially arranging a Community Day where members of the firm volunteered to help paint various outside areas ... Read more