The UK government offers R&D incentives to support companies which are investing in innovative projects. Companies fulfilling prerequisites of the claim can take R&D incentives in the form of corporation tax reduction or tax credits. Looking closely at the statistics, most of the R&D tax credit claims are rejected by HMRC due to insufficient documentation […]
What is Research and Development Tax Relief? Research and development tax relief are lucrative incentives by the UK government for the UK companies to encourage investment in research and development projects due to their significant contribution to the economy. The research and development tax relief scheme allows eligible companies to significantly reduce their corporation tax […]
R and D claims are the UK government scheme, which works according to the HMRC guidelines. HMRC requires you to follow these regulations for preparing successful R and D claims. These comprehensive guidelines also inculcate terms and conditions for qualifying projects and expenditures. In simple words, R and D claims can only be made for […]
WHAT IS AN R&D CLAIM, AND HOW IS IT BENEFICIAL FOR YOUR BUSINESS? R&D tax relief schemes are designed for companies of any industry seeking innovation through taking risks. These schemes are a kind of reward or incentive for businesses contributing to the advancement of science and technology in the UK. Every year numerous companies […]
The information and communication industry is all about keeping everyone worldwide connected, which is achieved through constant scientific and technological advancements. The information and communication sector is very innovative as we have seen it play a very significant part during a pandemic; shifting all the business and education processes online wasn’t easy, but with the […]
Architecture is all about innovation and development, which encompass experimenting with techniques and technology. As architecture sector thrives on research and development, it inculcates various activities which qualify for R&D credit claims. Every time Architects create something, its development goes through multiple processes of experimentation with technology while overcoming many challenges to create what is […]
Research and development incentives are a highly valuable funding source for businesses seeking innovation. However, claiming process is not straightforward. It involves many technicalities which may not be as simple as it seems. The UK government’s comprehensive guidelines for R&D tax claims are given to ensure only eligible companies have access to R&D tax relief. […]
HMRC research and development incentives are valuable rewards for companies, but only a small amount of construction companies are taking advantage of these incentives. The construction sector is not only about innovative design, it also plays a huge part in engineering and technological advances. What are HMRC Research and Development Incentives? UK government values this […]
Innovation is a crucial part of the UK economy, and the UK government recognises this, therefore, provides lucrative incentives to businesses seeking advancement in science or technology. Innovation involves lots of risk-taking and costly experiments, and government reward these businesses with R&D tax relief or cash credits on qualifying R&D expenditure. In addition, R&D tax […]
