Innovation Reliefs

I meet with a lot of businesses that are carrying out innovative activity when dealing with claims for research and development (“R&D”) tax relief and it surprises me how few…

The UK’s innovation strategy was set out in 2021 with 4 key pillars: Unleashing business – fueling businesses who want to innovate People – make the UK the go-to place…

The two concepts of Valentine’s Day and the Patent Box seem poles apart and incongruous yet they are, in truth, a match made in heaven. Valentine’s Day has always been…

At the Spring Budget 2021, HM Treasury launched its review of the two UK R&D tax relief schemes – the Research and Development Expenditure Credit (RDEC) and the small and medium enterprises…

This included a director claiming that the Patent Box had been abolished in 2016. Although this was an extreme example, it illustrated a trend for companies to be unaware of…

Although this isn’t quite the case, it’s impossible to sum up a single day working in R&D as most, if not all, claims are not completed in a day. I…

Whilst there is no change to the Patent Box qualification criteria, there is a major change to the treatment of IP income and taxable profit under the rules. Whereas a…

The claim covered research and development activity undertaken across two accounting periods. One of the R&D projects concerned an attempt to devise a new product and process to prevent automobile…

In 2018, our client identified a gap in the market for a new “well-being” software application that would encourage and promote positive changes in a person’s health and wellbeing. Our…