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 […]
Innovation in Digital Industry The world has been undergoing a digital transformation for years, but the pandemic has accelerated this transformation more than ever before. Hence in the past two years of the pandemic, we all have witnessed an immense increase in innovation in the digital industry and its impact. The improvement in user experience […]
Are you working on a project that intends to improve your service or product? Have you tried to find a solution to technical uncertainty? Is your project seeking scientific or technological advancement? And do you need funding for your businesses? If the answer to these questions is yes, you don’t need to worry about it. […]
The R&D tax credits scheme aims to encourage commercial research and development conducted by private companies in various fields, including medicine, biotechnology, computer science, information technology, finance, law, and business. In return for investment in the innovation for bringing improvement in the fields of science and technology, companies get the highly profitable reward as cash […]
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 […]
R and D Tax Credit are significant funding for the UK businesses, which aims to motivate companies to invest in the advancement of science and technology. R&D incentives are very generous and available for companies of all sizes regardless of their financial position, i.e. both profit and loss-making companies can claim R and D tax […]
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The UK government has shifted focus towards research and development from the past few years due to its substantial contribution to the UK economy. To motivate businesses to advance research and development, the UK government initiated HMRC R and D tax credit scheme. The number of companies claiming HMRC R and D tax credits has […]
What is R&D Tax Relief and R&D Tax Credit? Companies undertaking research and development in the field of science and technology are rewarded by the UK government in the form of R&D Tax Relief or R and D Tax Credits. HMRC enables Corporation Tax liable companies seeking innovation to reduce company’s tax bill by claiming R&D Tax […]
Considering the vital role played by the innovative businesses in the UK and understanding the need for advancement in technology, the UK government in the year 2000 decided to provide incentives to the businesses working for the advancement in science and technology. R and D tax credits are an incentive for the UK-based companies which […]
