Posts Posts by: "Maria Kitt"

UK RD tax reliefs have now reached their highest ever level of generosity following the Finance Act (Budget) 2018. Innovative companies can now obtain valuable tax reliefs, tax credits and grant funding at a level that is one of the most generous in the world. We were therefore delighted to see Maria Kitt completing the…(Read More)

Whilst no further tax rate changes were contained in the Chancellor’s Spring Statement, we did see further traction in the UK corporate road tax for innovators. Consultations were announced to enhance capital funding for RD and innovation with probable tax breaks for business angels and investors in ‘enterprise’. Read more details here…(Read More)

Anyone who has spoken personally to me about this topic, will recall, depending upon their interest levels, a discussion around the volume of legislation open to HMRC and other international tax authorities to counteract profit erosion (polite term), profit shifting, dividend shifting and premium payments for intellectual property assets, rights and similar. There are both…(Read More)

The ‘Science Budget’ of December 2017 made a number of improvements to the tax regime for innovative companies. Headlines include a reduced corporate tax rate (19%) and an uplift in the RDEC R & D tax credit for large companies performing R & D with effect from 01 January 2018. These changes are now passing…(Read More)

Although almost unremarkable, and against the backdrop of a downgraded O.B.R growth forecast, the first Autumn Statement contained three improvements in the reliefs and incentives on offer to UK innovators, in terms of improved RD relief for large companies and investment incentives in the RD sector. Perhaps an improvement in the SME RD…(Read More)

Two companies in the news recently may have been right to think that the Single Market ‘fair tax’ and ‘anti-competition’ mechanisms are, well, a little slow to catch up and enforce. Just today, and quite correctly, Commissioner Vestager has published a Statement bemoaning the 2003 Luxembourg- routed Amazon structure agreements that resulted in ‘illegal…(Read More)

Spring Budget 2017

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Philip Hammond’s Budget Speech provided assurance for R & D companies of the government’s continued committment to the innovative economy. Although tax relief and tax credit rates are unchanged, some encouragement has been announced for larger companies and organisations at the forefront of new technologies. Perhaps eclipsed by ‘NICgate’ the Budget acknowledges Britain’s…(Read More)