The official R&D statistics for 2021 (claims for the year ending March 2020), have been released by the HM Revenue and Customs (HMRC). The report provides information about the number of businesses that have claimed from the scheme, the value of claims, geographical data, and more. Key Takeaways The estimated number of claims for the […]
The UK maritime and marine industry is a solid contributor to the national economy’s GDP (£3.5bn to be precise). The industry itself supports over 1 million jobs while also being responsible for 95% of UK global trade, which in monetary worth equates to over £500bn per year. With over 5,000 companies across the UK (through […]
“A budget is telling your money where to go instead of wondering where it went.” – Dave Ramsey Creating an R&D budget can be a lengthy and complex process that can often require involvement from numerous organizations and departments, and not to mention the endless approvals from supervisors and the individuals above them. The practice […]
Covid-19 has created new obstacles for millions of companies globally, and one of the largest challenges has been the “working from home revolution.” According to the UK Governments study, in April 2020, 46.6% of people in employment across all sectors were made to clear their workspaces and head home to set up a home office, […]
The UK government has released a new Whitepaper that outlines ways to level up the UK, with focus on closing the gap between the UK’s superpower cities and more deprived areas of the UK. The whitepaper includes plans to help cities such as Glasgow to become an Innovation Accelerator, driving employment levels and greatly improving […]
When it comes to working out how much R&D Tax Credits you may be eligible to claim, using our Tax Credits Calculator is the quickest and most efficient way to do this. The R&D Tax Credits scheme is a government incentive designed to reward businesses who are spending money on innovation, the aim is to […]
Claiming R&D Tax Credits is a quick and easy way for businesses to inject some extra cash. We are strong advocates of this scheme; it’s a great opportunity for businesses to improve cash flow, which at present, is more important than ever. Throughout the COVID-19 crisis, we have been advising our clients to consider making […]
When wondering whether your business is eligible to claim under the R&D Tax Credits Scheme, it can become difficult to find R&D Tax Credit examples for businesses similar to yours, so we have compiled R&D Tax Credit Project Examples from different industries to give a clear indication of what HMRC are looking for, and what […]
Company A small, electrical engineering company with 5 employees. Project A large office block wished to integrate their heating, cooling, lighting and communication systems, so a local electrical engineering company was tasked with finding a solution. Uncertainty The combination of disparate systems had not previously been integrated in such a way, so the firm faced […]
Research and Development (R&D) is a broad process that encompasses different variations of definitions. Each industry has its own unique approach to R&D. This is what makes the process of it so intriguing albeit a frustrating one to say the least. By Green Jellyfish’s definition of R&D, it is the process of taking an idea […]
