Category Archives: R&D Tax Credits

R&D Tax Credits are a government-backed incentive that have been around for about 20 years, offering lucrative cash rebates to companies overcoming challenges in their work. For many businesses under extreme cash flow stress during these uncertain times, an R&D claim that was previously overlooked (or they simply weren’t aware of) could be worth looking…

R&D Tax Credits for Food and Drink Manufacturers The food and beverage industry is worth hundreds of millions of pounds a year and is the largest manufacturing sector in the UK. There is substantial pressure on companies to offer food and drink that costs less, is healthier, longer-lasting and more ethically produced than ever before.…

How can engineering companies benefit from R&D tax credits? Research and Development (R&D) tax credits have been around for 20 years and offer vital financial support across the engineering sector, as well as many other UK industries. The incentive is designed to encourage innovation and increase spending on R&D activities. Companies involved in all aspects…

What manufacturers should understand about R&D It’s often easier to identify innovation with a new product, so it’s no surprise that many manufacturing companies are carrying out work that qualifies for research and development (R&D) tax credits.  In fact, the manufacturing industry is one of the sectors making the highest number of claims overall. Businesses…

The UK’s research and development (R&D) tax relief system helps encourage advancements in many different industries and disciplines. Billions of pounds’ worth of claims are approved each year, providing vital support to companies that have invested in innovation. But it’s not enough, according to measures of R&D as a percentage of GDP. In a report…

Architecture shapes the world we live in. From schools to libraries, our homes to our workplaces, every building we inhabit in one way or another influences our way of living. The UK is renown on the world stage for its pioneering architecture, with some the best international practices based here. Such architects have helped to…

Why choose R&D specialists over your accountant? Prospective clients ask us why, and it’s a good question. Accountants often tell businesses they can claim research and development (R&D) tax credits on their behalf at minimal cost. Some firms may even offer this service for free. Surely, you just have to fill out an extra couple…

As a proportion of GDP, construction is the UK’s second largest sector. Yet when it comes to claiming R&D tax credits, construction ranks second from lowest in the table. Is it really due to a lack of innovation – or are construction firms missing out? If statistics on R&D tax credits are taken at face…

The UK’s research and development (R&D) tax credits scheme has been a boon for innovation in science and technology. Nearly £2 billion is awarded to SMEs alone each year, encouraging investment in new processes, products and services. R&D is essential to a thriving economy and any work that seeks to resolve scientific or technological uncertainty…

Fast fashion has changed the face of the high street and revolutionised consumers’ relationships with their wardrobes. Companies have employed innovative techniques to bring affordable styles from the catwalk to the shelves (or the web) quickly and efficiently, which has helped make fast fashion one of retail’s fastest-growing areas. The UK fashion industry as a…