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R&D Tax Credit delays: our advice

R&D Tax Credit delays: our advice

A recent note from the Chartered Institute of Taxation reveals the extent of the current delays in processing R&D Tax Credit and RDEC claims. With the majority of submissions taking around 13 to 14 weeks to be settled, Ian Batkin shares some advice for claimants...

R&D Tax Relief: a guide

R&D Tax Relief: a guide

Introduced in April 2000, the government’s R&D Tax scheme means businesses can recover around 25% of what they’ve spent on eligible R&D, delivering an average pay-out of between £45,000 and £55,000 per claim for SME’s, but around 90 percent of eligible businesses haven’t yet made a claim.

Senior financial specialist joins Luvo team

Senior financial specialist joins Luvo team

Financial specialist and accountant Mark Wilcox has joined Luvo Financial. Chartered Management Accountant Mark is the latest hire in the firm’s recruitment drive, and brings 35-years’ experience in senior financial and accounting in-house roles for large...

Unlocking R&D Tax opportunities for SMEs

Unlocking R&D Tax opportunities for SMEs

With an average claim worth in the region of £50,000, what’s not to love about R&D Tax Credits that provide tangible reward for investment made in innovation and encourage and support future ongoing investment too. However, with less than 10 percent of eligible UK...

R&D Tax Relief and Corporation Tax returns

R&D Tax Relief and Corporation Tax returns

Luvo Financial shares advice on how to present the right information in the Corporation Tax return to support a speedy turnaround of R&D Tax claims. In the latest in our series of ‘practical guidance top tips’, we look at CT600 forms and share our six tips for...

Government confirms R&D Tax consultation

Government confirms R&D Tax consultation

The Chancellor has confirmed the planned consultation into Research & Development (R&D) Tax relief is to go ahead, a step that Luvo Partner Ian Batkin hopes won’t be a case of the minority spoiling matters for the honest majority. Back in his Autumn Budget...