While Research and Development Tax Credit claims can be filed within 12 months from the end of a taxation year, Braithwaite recommends aiming to complete the claim over the course of the year in real time to avoid last minute information gathering and submission. This will allow dividing the process into a number of stages…

This month we look at the requirements to meet the science and accounting tests.  These are defined in sections 8.1 and 8.2 of the Research & Development Tax Credit Guidelines (April 2015). However, a simple assessment method for companies to use to assess projects are the Five W’s and How. Who Was undertaking which activities…

A question we are regularly asked by our clients is how can we provide evidence that something “the company was seeking to overcome was not already resolved or that such resolution would not be available to a competent professional working in the field”. How can you provide evidence of something that doesn’t exist? We hoped when…

The Brexit process leading to March 2019 is an indeterminate one. Amongst the issues that torment this controversial change include the resulting affect for UK organisations post-Brexit. In particular, there is uncertainty of whether they will have the same accessibility to the European Union once the Brexit separation has been concluded. This is what being…

Whether you are a start-up company or an organisation that has been growing, tax relief can always help you with cash flow and incentives to invest in future research and development (R&D ) projects. One question that we are often asked is what to expect as a first-time filer and how the claim should be…