Innovation Reliefs

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…

Whilst much of our client’s core business is standard installation work, during the accounting year our client has worked on a number of contracts where adherence to standard methodology has…

The project concerned the conversion of a 500-year-old, Grade 2 listed former public house into residential use. The initial proposal required the building to be converted into thirteen individual flats,…

There were four contracts that posed unique technological challenges for our client. One of them concerned a contract where our client was tasked with preventing water ingress and damp to…