When it comes to R&D Tax Relief, software development is one area which has historically been challenging for both companies and advisers. Identifying whether a project qualified for relief could be difficult. Whilst it is easy sometimes to overlook “the other side of the fence”, these types of claims also 
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Tax reliefs: killing tax’s sacred cows? Introduction As announced in the Summer, taxpayers are going to be asked to pay for a £20bn injection in to the NHS by 2023. Rumour has it that, where possible, this will take the form of a paring back of tax reliefs rather than 
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Which R&D tax credit rates apply to your business?  In a modern economy, many businesses are investing time, effort and money on Research & Development (R&D) to further their trade and give themselves an edge in competitive markets. R&D reliefs are a tax relief designed to encourage greater R&D spending, 
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Research and development tax credits are by far the most attractive form of corporation tax relief for SMEs. Despite the potential for lucrative financial benefit, statistics abound that R&D relief is hugely undersubscribed by UK SMEs. The reasons for this often include: Definition of innovation Businesses may not be aware 
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R&D tax credits are theoretically open to companies across all sectors – it’s the nature of the innovation rather than the nature of the business which has to meet the requirements. R&D tax credits are a form of tax relief 
used by the Government to incentivise investment by UK companies 
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R&D: Research, Relief & a Lack of Awareness In recent years, Britain has become fertile ground for those with an entrepreneurial spirit. Last year, in fact, the number of new companies formed was a new record with more than 650,000 businesses set up. A considerable proportion of those are relatively small 
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