by diane@vformation.biz | Oct 9, 2019 | Blog Updates
If a company is carrying out R&D, it may be eligible to claim R&D Tax Credits through one of two schemes: the SME (Small-Medium Enterprise) scheme, and/or the large company Research and Development Enhanced Credit (RDEC) scheme. But what is the difference? In...
by diane@vformation.biz | Sep 30, 2019 | Blog Updates
A potential contributing factor as to why less than 10 percent of qualifying companies claim R&D tax relief could be because they are unaware that their work or project actually qualifies under the ‘Research and Development’ umbrella definition. In this Guide, the...
by diane@vformation.biz | Aug 21, 2019 | Blog Updates
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...
by diane@vformation.biz | Aug 20, 2019 | Blog Updates
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...
by diane@vformation.biz | Jul 25, 2019 | Blog Updates
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...
by diane@vformation.biz | Jul 16, 2019 | Blog Updates
The government’s R&D Tax scheme means businesses can recover up to a quarter of what they’ve spent on eligible R&D. But what does ‘eligible R&D’ mean, and how do you begin making an R&D Tax claim? Luvo works extensively for SMEs in a wide...
