Company A CNC machining company near Norwich. Following a conversation with the client, we quickly identified that the company was undertaking projects that qualified under the scheme. They were regularly creating and experimenting with prototypes and have spent a significant amount of time attempting to integrate different materials to create perfect products. Uncertainty With almost […]
An unpromising increase reported in the amount of money UK businesses are spending on R&D activity is a cause for concern. This is due to the Government’s plans of increasing total investment in Research & Development to 2.4% by 2027, and with just a 0.02% rise in 2019 (1.74% overall), the Government knows that they […]
It has been pledged by the UK Government that it will invest £5bn on healthcare R&D innovation by 2025. The UK’s Chancellor or Finance Minister Rishi Sunak has committed to investing in the sector to discover the “medicines and vaccines of the future”. Despite the £22 billion goal being delayed until 2026/2027, two years later than […]
The new “Brexit Britain” is aiming to become a scientific superpower, with P.M Boris Johnson hoping to pioneer advances in biosciences, artificial intelligence and battery and wind power technology. He has stated “This is an amazing moment for this country” and that “We have our freedom in our hands and it is up to us […]
The world is unpredictable even with uncertainties that are out of our hands to control such as the COVID pandemic. So trying to monitor and anticipate the markets is a task that will not be easy to do (putting it gently). Speaking of the COVID pandemic, this has added further uncertainty to the future of […]
Working with Mark at Jellyfish has been a great experience. He has been able to break down and explain processes clearly. Dealing with tax can feel like a minefield, but he was able to advise in a way that helped it make sense! I would highly recommend Mark Brightman for his organisation and great customer […]
In April of 2018, the UK government introduced a levy on all drinks produced or sold within the UK, known as the Soft Drinks Industry Levy or ‘Sugar Tax’. This brings a charge into drinks with sugar contents higher than this threshold, with 24p per litre of drink containing 8 grams of sugar per 100ml […]
The manufacturing industry has hugely benefited from the R&D tax credits scheme (introduced by the Government in 2000). This has been shown in 2020’s HMRC report on industry sector analysis claims where it clarifies that almost 1 in 4 claims (24%) have been utilized by firms within this market. As a result of the scheme, […]
Yesterday was Cycle to Work Day! We all know that reducing our carbon footprint is crucial in helping to negate the environmental challenges we face. Cycling to work is a great way for individuals to reduce environmental impact. However, it’s no secret that more robust, industry-wide work is needed to achieve the UK’s net zero […]
Many businesses have heard of R&D Tax Credits but they may believe that the scheme is not for them, this is due to many misconceptions surrounding the incentive that are usually not true. R&D Tax Credits can work as a great cash injection for your business, especially if you have been working towards innovating in […]
R&D Tax Credits for Architects is so much more than a safety net of cash for your firm, it can be used to leverage your business to new heights as a reward for innovation within your projects. Architecture is essential to our daily lives, shaping not only the physical environment that we live in, having […]
Here are the report’s main conclusions from HMRC. The total number of claims increased by 7%. According to several predictions, the pandemic, which forced companies to close, may have been expected to influence the number of claims. Therefore, it’s intriguing that there have been 7% more claims than last year. SME claims for the RDEC […]
When it comes to deciding whether investing in R&D would be beneficial for your business, the answer is always yes. The benefits of investing in R&D are endless, and it is a great way to stay ahead of your competition and to even bring game-changing products into the market. The idea of R&D can often […]
The average Research and Development Tax Credit claim value made by SMEs across the Uk is £63,000. Companies use R&D tax relief to cover the costs of innovation, but you could use this extra funding on a variety of different ideas. We have put together a list of five things you could do with £63,000 […]
