Delays in processing research and development (R&D) tax claims are hampering innovation and expansion among UK businesses, according to R&D tax relief specialist Jumpstart.
A commitment to research and development (R&D) is an important but sometimes overlooked factor for businesses keen on attracting external investment or selling their business.
Patent Box is part of the Government’s range of incentives to encourage companies like yours to innovate and maintain the UK’s world-leading position in many sectors by incentivising them to commercialise their patents and R&D in the UK.
Research and development (R&D) tax relief was introduced by the UK Government to encourage UK companies to invest in more innovation-focused projects and maintain the country’s position as a global leader in science and technology.
Newly released HMRC figures show Inner London companies once again securing a major share of R&D (research and development) tax relief with £825m paid out in 2016-17.
Businesses in Mid-Ulster have topped an “innovation table” after figures from HMRC revealed it has the highest percentage of enterprises investing in research and development (R&D). According to HMRC’s 2016-17 figures, 215 successful claims were made by Mid-Ulster companies, including SMEs and large businesses, for R&D tax relief. This puts the area at the top […]