The UK Aerospace industry is the world’s second-largest, with a turnover of £22.4bn in 2021. The aerospace industry is full of complexities, challenges and competition and has great potential for research and development. The UK government recognises Aerospace and aviation as vital industries in the UK, given their technological advancements and development more than other […]
R&D Tax Relief and Agriculture Sector Agriculture is one of the most important industries, which, unfortunately, is going through many global problems: increased demand, severe temperature changes, changes in climate patterns, drought, and drier land. In addition, the COVID-19 pandemic increased supply chain issues, whereas Brexit added additional pressure to the food and agricultural industry, […]
Clear and accurate record-keeping is immensely important to ensure you don’t miss out on any qualifying expenditure while making an R&D tax claim. Every business operates differently and has a distinct method of record-keeping. That’s why HMRC does not specify a way of record-keeping for R&D tax claim. However, having a complete and clear record can […]
