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A number of factors now make it quite attractive for company owner/directors to pay themselves a pension contribution from their company, especially if the director is spending time undertaking R&D. These include that: Pension contributions are an eligible part of salary costs for calculating R&D expenditure (see the calculation below). Company pension contributions are...
The increase in support in 2013-14 was mostly driven by a higher number of SME claims, with the total value of SME claims rising to an all-time high of £800m in corporation tax reductions and tax credit payments. One reason is thought to be the removal on 1st April 2012 of the rule limiting payable R&D tax credits to the amount of an SME’s total payroll/PAYE tax liability, as well as...
In his Autumn Statement on 3rd December 2014 the UK Chancellor announced a number of changes to the Research and Development tax relief/credit schemes. The changes relate to both the large company (RDEC) scheme and the SME (Small and Medium Enterprise) R&D tax credit scheme. The good news is that the changes are generally very positive with the rates of relief increased for both schemes...
There is a group of five Corporation Tax reliefs for creative industries including new tax relief schemes for the animation, high-end television and video games industries. The Television tax relief (which includes animation) is available for expenditure from 1 April 2013. Video games companies across the UK have been able to claim tax relief on their production costs, since the government’s...
There is still a lot of misinformation around about what R&D tax credits are and who can claim them. People confuse the R&D tax credits and relief scheme with the more creative tax avoidance schemes. This is a pity as R&D tax credits are an excellent UK government initiative. R&D tax credits are legal – here is the proof! I was delighted to receive the communication below by...
R&D insights – no. 4 Welcome to this special post published from our five part mini series – R&D insights – covering key things you should know about Research and Development (R&D) tax credits. What is the cash value of R&D tax credits? Before identifying what the value of R&D tax credits might be to your company, it’s worth noting that the UK Government’s R&D tax...
Research & Development tax credits – A to Z Qualification You can qualify for research and development tax credit if you undertake activities that involve resolving scientific or technological uncertainties to achieve an advance in science and/or technology. Now you might think that you don’t make advances in science or technology. But the advance may be a new or significantly improved...
How you involve your accountant is important – read why that is… When it comes to research and development tax credit, accountants are my best friends although they don’t always get it right. If you are a small company, let’s say with £500k to £20m turnover your accountants will usually be able to advise you about the tax side of your R&D activities, but in many cases cannot help you...
The top fact to keep in mind is that Research and Development Tax Credit is only available to limited companies and there are different schemes for SMEs (Small and Medium Enterprises) and large companies. The type of costs you can claim for have been defined by HMRC and the key ones are listed below. Qualifying expenditure: Staffing costs including wages, employers’ Class 1 NIC,...
We have put together a graph showing the value of an R&D tax relief or tax credit claim (a tax credit cash payment is made where a company makes a trading loss in the relevant year). It shows the value of an R&D claim based on the following assumptions: You had £50,000 of eligible R&D costs in the year. You pay corporation tax at the standard small companies standard...

Are you ready to find out if you qualify or how much your R&D claims could be worth?


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For more information or to contact us - call us on 0771 9439 229 - or send us a message


For more information on claiming R&D tax credits or our business advice and support services call us on 0771 9439 229

Or send us a message

PO Box 53448,
SE18 9DE


Our consultants are members of London Group Business Advisors and Home Counties Business Advisors.

Linda Eziquiel is a Fellow of the Institute for Independent Business and a Principal Consultant at RandDTax (specialists in Research and Development tax credits) – UK co. reg. no. 08160439.

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