R&D tax credits
Business tax
Your business
News
Major R&D scheme overhaul
New R&D Tax Relief regulations could leave thousands of businesses at risk of missing out
Thousands of UK businesses could lose out on critical Research and Development (R&D) tax relief due to new pre-registration requirements by HMRC. Companies must now register their intention to claim within six months of their financial year-end, or risk missing out on valuable tax relief, sometimes exceeding 20% of R&D spend.
Offsetting R&D costs
Significant tax incentives have been introduced by the Government in recent years to encourage companies to carry out research and development (R&D).
The tax credits introduced for small and medium sized companies, in particular, are increasingly generous and can help to offset the costs of R&D, which can be substantial and stretch over a number of years before delivering a return. Large companies can take advantage of the R&D expenditure credits. Our team is experienced at claiming back tax for companies in both of these areas across a wide range of business sectors and the R&D opportunities are much wider than generally appreciated.
You may find our tax briefings download informative.
Partnership tax
The tax affairs relating to partnerships and LLPs are extremely complicated.
Corporate tax
Corporate tax compliance obligations are complex and costly, and the Government introduces new measures each year.
VAT
Although it was originally designed as a simple tax, VAT has become increasingly complex.
Share schemes
Share schemes are an incentive to staff, and we can help with the setting up and management of these.
Tax investigations
Enquiries and investigations from HMRC can be stressful, time consuming and costly.
Patent box
Patent Box works with R&D tax credits and could result in tax cuts for innovative businesses.
Employment tax
We can give comprehensive advice on employment tax matters, and practical problems which may arise day to day.
International tax
We offer tax planning and comprehensive information to those entering the global market.
Land & property tax
We can deal with all matters, including tax relief on capital allowances, which are complex in the extreme.
Change to Whitley Stimpson
Step 1
Confirm to your accountant that you wish to move to Whitley Stimpson
Step 2
Supply Whitley Stimpson with your existing accountant’s details
Step 3
Relax. We’ll handle the rest.
Business tax
Your business
News
Major R&D scheme overhaul
New R&D Tax Relief regulations could leave thousands of businesses at risk of missing out
Thousands of UK businesses could lose out on critical Research and Development (R&D) tax relief due to new pre-registration requirements by HMRC. Companies must now register their intention to claim within six months of their financial year-end, or risk missing out on valuable tax relief, sometimes exceeding 20% of R&D spend.
Warning as HMRC cracks down on R&D tax relief
Businesses are being warned that HMRC is cracking down on potentially fraudulent claims for research and development (R&D) tax relief.Â
Partners in your progress
Talk to us today if you believe your business’s process or product might qualify for R&D tax relief, and we can assist you.
