In the past few years, the government has brought several changes to the regulations around the R&D tax relief scheme to streamline the process, attain better control over compliance, and reduce abuse of the scheme. Recently, on legislation day, 18th July 2023, the UK government published a draft of legislation proposing the merge of R&D […]
The UK government has been rewarding innovative projects to incentivise companies from every domain to invest in research and development. R&D tax credit claims are highly lucrative and generous and have been attracting companies from every sector engaged in research and development projects to make claims and receive cash credits or tax reductions. Over the […]
In today’s world, AI and robotics are revolutionising every industry, playing a crucial role in advancing various aspects of design and development processes. With advancements in AI and robotics, computers can not only imitate human capabilities but go beyond human expertise, effectively analysing and contextualising large datasets and creating automatic outputs. By managing such complex […]
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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