Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
09 July 2020
What does the Summer Statement mean for UK innovation, research and development?Most people will understandably be more interested in the “eat out to help out” scheme, the temporary VAT cut for hospitality and leisure and the wide range of job support measures. Behind those headline grabbers, I’ve looked through the Summer Statement documents for any announcements of further support for Research and Development (R&D) projects.
Michael Murray & David Ward
20 April 2020
Coronavirus - Improving your cash flow position using Capital Allowances and R&D reliefsIn the current economic conditions, the focus for many business owners will be on how they can retain cash in their businesses as well as looking at any opportunity to bring cash into the business using reliefs and incentives inherent in the UK tax system.
03 April 2020
Coronavirus - how will this affect R&D claims?In this unusual time, our advisers have received a number of questions about the impact of the current coronavirus pandemic on R&D claims. It’s a fast changing situation and we expect further information to come, but Partner and Head of Innovation Taxes, David Ward, sets out some of the most common questions that he’s been asked, with the most up to date position.
11 March 2020
UK Budget 2020 - Innovation TaxesGoing into Budget 2020 I was expecting three things: an increase in the rate of the Research and Development Expenditure Credit (RDEC); more details on the proposed PAYE cap on the amount of the payable R&D tax credit; and potential broadening of the eligible cost categories to include cloud hosting and data costs.
25 February 2020
UK R&D tax relief - practical considerations for overseas companiesThe UK’s research and development (R&D) tax incentive regimes are designed to promote private sector investment in innovation. David Ward discusses the structuring considerations for overseas companies wishing to claim this UK R&D relief.
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