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Changes to R&D SME tax relief

Changes to R&D SME tax relief

In an attempt to prevent abuse of the R&D system, the Government is changing the limit for SME tax credit repayments. Similar to the RDEC scheme, a PAYE cap will be introduced which will limit the amount of payable tax credit, based on the PAYE and NIC costs that...

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IUK Strategy

IUK Strategy

Innovate UK has published its Innovation Design Strategy for the next four years. This strategy builds on the strategy published in 2015. Innovate UK wishes to encourage effective innovation which ‘includes design activities to create solutions that are better, more...

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Innovation Continuity Loans

Innovation Continuity Loans

As part of their coronavirus response package, Innovate UK is offering up to £210 million in loans to small and medium enterprises (SMEs) that have a challenge in continuing a live Innovate UK project (Strand 1) or continuing the innovation and commercialisation...

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To buy or not to buy – Changes to Stamp Duty?

To buy or not to buy – Changes to Stamp Duty?

Last week, the Chancellor Rishi Sunak announced a range of changes to help stimulate the economy. One of the headline changes, related to Stamp Duty with a temporary overhaul to help boost the housing market. With immediate effect, buyers in England and Northern...

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The Impact of COVID-19 on R&D

The Impact of COVID-19 on R&D

During the COVID-19 pandemic, the government has initiated a number of schemes to help businesses. They do not stop a company being able to make an R&D tax credit claim, but they may impact the scheme under which the claim is made. To make a claim for R&D tax...

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MTD phase 2 – End of HMRC’s “soft landing”

MTD phase 2 – End of HMRC’s “soft landing”

We are now a year in to the new MTD rules and with that, HMRC are ending their “soft landing” approach with a few changes coming into effect on 1 April 2020: - Detailed Digital Record-Keeping If you have been using bridging software to submit your returns but have no...

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Do you use contractors?  If so, be very afraid!

Do you use contractors? If so, be very afraid!

In the world of high-growth enterprises, particularly in the various technology sectors, there is a need for agile and flexible access to some reasonably abstruse skill-sets. This sort of need is often met by the use of contractors or consultants providing their...

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