Budget 2018: What the R&D Tax Credits Cap Means For You

Budget 2018: What the R&D Tax Credits Cap Means For You

The government has announced a new cap on the amount of R&D Tax Credits that loss-making SMEs will be able to receive in a given year. Unveiled as part of yesterday’s budget statement, the PAYE Cap will be set at three times a company’s combined pay as you earn (PAYE) and National Insurance contributions (NIC)

Budget 2018: What is the Digital Services Tax?

Budget 2018: What is the Digital Services Tax?

Chancellor Philip Hammond has just announced the creation of the Digital Services Tax; the government’s latest attempt to more thoroughly tax the likes of Google, Facebook and Amazon. Despite generating billions of pounds worth of revenue in the UK, international tech giants contribute very little to our public finances. So what is the Digital Services

Do LLPs Quality for R&D Tax Credits?

Do LLPs Quality for R&D Tax Credits?

The short answer: No. Not directly   As an LLP, you don’t qualify for R&D Tax Credits. Only companies that pay UK Corporation tax are eligible for R&D Tax Credits. As LLPs are exempt from Corporation tax, you can’t receive tax credits directly. However, there is one exception. The one exception: R&D partnerships   You

How Outside Investment Impacts Your R&D Tax Credit Claim

How Outside Investment Impacts Your R&D Tax Credit Claim

Securing outside investment, from a VC or Angel investor, can impact your company’s R&D Tax Credits claim. Here’s what you need to know. One question that recurs in the startup world is how investments by VCs and other investment bodies affects your eligibility for the SME R&D Tax Relief, which is considerably more lucrative than