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R&D tax credit cap: new rules for 2020

R&D tax credit cap: new rules for 2020

In the 2018 Budget, the government proposed a cap on R&D Tax Credits for SMEs, with plans for it to come into effect for accounting periods commencing on or after 1 April 2020. Ian Batkin, one of our founding partners and R&D tax specialists, explains all you...

R&D tax deadlines – don’t miss out!

R&D tax deadlines – don’t miss out!

HMRC is mandated to settle R&D tax credit claims within 28 days wherever possible. However, the majority of claims are presently taking around 12 to 13 weeks to be settled. With these current delays in mind, it is important that companies file R&D tax claims...

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...