R&D Tax Relief for the Packaging Industry

R&D Tax Relief for the Packaging Industry

The Packaging Industry is a thriving field for innovation.
by Mark Brindley 01.02.18

The Packaging Industry is a thriving field for innovation. The combination of advancing technologies, increased environmental awareness, discerning consumers & a highly competitive market makes it fundamental for packaging companies to engage in the R&D process. Here we explore some of the highly technical challenges faced by the Packaging Industry and how government R&D tax credits might apply to businesses who are trying to overcome these types of challenges on a day to day basis.
Autumn Budget 2017

Autumn Budget 2017

R&D Tax credits and investment increase
by Ruth Stanbridge 22.11.17

Philip Hammond insists the UK is on a technical journey, and backed that mantra up with an R&D tax credits and investment increase. Increasing the amount of R&D carried out by companies is a key part of the government’s aim to increase productivity and promote growth. In his speech the Chancellor revealed “We are allocating a further £2.3 billion for investment in R&D and we’ll increase the main R&D tax credit from 11% to 12%”. This he explains, will take “the first strides towards the ambition of our industrial strategy to drive up R&D investment across the economy to 2.4% of GDP.” The increase will take affect from 1 January 2018 and is expected to have a positive impact on 4,000 business claiming RDEC.

Does my project qualify for R&D Tax relief?

by Ruth Stanbridge 20.11.17

Determining which projects and activities qualify for R&D tax relief is usually the area where most people seek help. To help you with this decision we’ve created our top 5 criteria for assessing your project.

Is your company an innovator?

Find out how to reduce your tax bill with R&D tax credits.
by Mark Brindley 19.11.17

Thinking about research and development (R&D), usually people in white lab coats will spring to mind. But R&D tax relief isn’t just limited to companies doing work in laboratories. R&D is also carried out by individuals who don’t have multimillion pound budgets to work with. It is often a part of daily problem solving that is characteristic of most businesses. In reality, many businesses are seeking advances in science or technology in their day to day work, from engineering companies and software developers to food production companies.
Choosing a specialist adviser

Choosing a specialist adviser

Making an R&D Tax claim
by Mark Brindley 18.10.17

The first thing you might consider when choosing a specialist adviser for your R&D Tax claim is why would you use a specialist when you could do it yourself? HMRC are encouraged by the use of specialists, particularly if they are members of professional bodies, as they are obliged to adhere to stricter regulations than HMRC’s own good practice guidelines.
R&D Statistics 2017

R&D Statistics 2017

HMRC R&D tax credit statistics 2017
by Mark Brindley 22.09.17

Published this September, HMRC’s research and development tax credits statistics are great news for innovative UK businesses, and good news for the economy. All the statistics are heading in the right direction, with both total claims and the amount of relief up by 20%. The average claim value has increased for SMEs and for large companies, to £61,514 and £348,916 respectively.

R&D Tax & Brexit

So how will Brexit affect the UK’s current R&D tax credit incentive scheme?
by Mark Brindley 03.04.17

By having a look at the past relationship between the EU and the UK’s R&D Tax Credits scheme we can try to predict what will happen to the scheme post-Brexit. It’s worth bearing in mind here that R&D Tax Credits consist of two schemes running in parallel: one is the Research and Development Credit (RDEC), also known as the Large Companies scheme, and the other is the SME scheme, which is more advantageous of the two.

Latest posts

by Mark Brindley 06.03.18

Tax Credits Built for Architects

UK architects are among the most innovative in the world.

UK architects are among the most innovative in the world yet this has not been reflected in the take up of the government’s Research & Development (R&D) Tax credit scheme. Read more

by Ruth Stanbridge 21.10.17

Farming industry missing out on R&D tax credits

Get a moove on

Agricultural companies in the UK continue to miss out on tens of thousands of pounds of Research and Development tax credits, according to the latest figures released by HMRC. Read more

by Ruth Stanbridge 18.10.17

What are R&D tax credits all about?

A quick introduction

Introduced in 2000, R&D tax credits were designed to encourage companies to invest in innovation. Read more

by Ruth Stanbridge 09.03.17

Implications of the Spring Budget 2017 on R&D Tax Credits

Yesterday, as promised, we were presented with the last Spring budget. The overriding message of the budget was while things are looking better, we still need cash in the bank to prepare for Brexit. Here we review what the Chancellor said and the possible implications for the R&D Tax Credit scheme. Read more