Autumn Budget 2021: R&D tax incentives key to keeping the UK at the forefront of innovation UK chancellor Rishi Sunak’s second Budget of 2021 was full of bold ideas and ambitious new plans to stimulate growth and investment in the UK. Innovation and Research & Development (R&D) tax relief are seen as an integral part… Continue reading Autumn Budget 2021
HM Revenue and Customs (HMRC) have recently released their latest R&D Tax Credits National Statistics Report, providing valuable information about Research and Development (R&D) Tax Credits, their cost, and the nature of the companies claiming them. The report, published each year, covers the accounting period up to the year ending March 2020. You can find highlights… Continue reading HMRC R&D Statistics 2021
Farming is a complex, unpredictable and individual business and British farmers are among the most innovative in the world
The oil and gas industry has been facing the challenge of finding and producing energy to meet global energy demand.
Engineering necessitates a significant amount of research and development. This can take the form of identifying and resolving potential risks, depending on the discipline.
Fintech Research & Development is constantly evolving
The Sports sector is one of the many industries that does not take full advantage of the generous Research & Development Tax Relief that could be available. Golf Clubs regularly undertake qualifying activity as they look to advance their courses and the playing experience for their members and visitors but so few realise a claim… Continue reading Golf Course Management
For those working within the Manufacturing industry, it is well known that this is a challenging sector that often requires innovative solutions. As R&D activities go hand in hand with innovation, there is a clear link between R&D and Manufacturing. R&D tax credits for the Manufacturing industry are a great way to mitigate any losses… Continue reading Manufacturing
With the removal of lockdown restrictions on the horizon there’s no better time to review what your business is aiming to achieve in the future and how it is going to maintain (or obtain) a competitive advantage in your chosen market place.
It is great news for the UK that the Chancellor has taken the opportunity to promote innovation in the March 2021 Budget. The government recognises that this is central to the strategy to boost productivity and economic growth and has a target that spending on research and development (R&D) should be at 2.4% of GDP… Continue reading Budget 2021: R&D
a construction site can be an innovation lab!
The March 2021 Budget introduced a whole host of tech related measures and the opportunity to claim R&D tax credits for software development has never been better.
Large brewers and distillers often need to be innovative when looking to increase productivity and reduce cost whilst maintaining their standards and there is a huge amount of innovation in the vast array of smaller brewers and distillers joining the market to meet the consumers desire for more niche, artisan alcoholic beers and spirits. Here… Continue reading Distilleries & Breweries
Agri-Tech refers to the development and application of technology and technological innovation to improve the efficiency and output of agriculture. It boosts the efficiency of production, increases crop yield and drives profits in the sector.