Qualifying R&D expenditure. In order to qualify for the generous R&D tax reliefs, all projects or start ups must be looking to advance science and technology. There must also be an element of uncertainty which could not have been easily overcome by a competent professional in the relevant field. The R&D project may research or […]
The annual deadline for submitting your online Self Assessment and paying any tax owed is end of 31st January. Most self-employed people choose to file their Self Assessments online, however it’s still possible to do so via paper forms where the deadline is by the end of 31st October. If you don’t file your return and pay any tax […]
In this article we give you an overview of the rules surrounding the close companies loans to participators which are in most cases advances or withdrawals by the directors from the companies funds. What is a close company? A ‘close’ company is a company owned and controlled by 5 or fewer individual participators or controlled […]
Government grants and EU are awarded to encourage innovation. Innovation grants UK government grants for research orientated companies are awarded by Innovate UK. These are distributed via competitions in which UK-based businesses pitch and winners are selected. UK innovation grants are awarded to innovative businesses for the following types of projects: Early feasibility studies; Creation of new […]