Kadel Solutions  |  Chartered Tax Advisers & Accountants
01297 639973
  • Home
  • Services
  • Taxation
  • Treasury
  • Accounting
  • Excel & Access
  • Other Professionals
  • Tax Advice Helpline | Helping You With Your Tax Returns in Devon & Somerset
  • News
  • Contact

R&D Claims made by SME companies - latest statistics published

17/9/2015

1 Comment

 
HMRC have published their latest statistics on the Research and Development claims made by companies on CT600's received on or before the 30th June 2015 - and there is lots of good news!!The number of claims made under the SME R&D scheme ,for financial year 2013/14 is up 23% from financial year 2012/13 and comes in at a total of 16,160 claims for the year.  Research and Development credits can come in the form of an enhanced deduction, and therefore a reduction in the corporation tax liability, or they can be a repayable credit should the company be in a loss-making position.  

In the regional analysis of the claims made under the SME scheme the South West accounts for nearly 8% of the claims, compared to 19% of the claims in the South East. This equates to £55million in tax relief being claimed by South West companies!!  So, although our figures are large, it would be good to increase these if we can.

In the industry sector analysis, manufacturing still leads the way accounting for 30% of all of the claims made, but it is now followed very closely, with 27% of all claims, by the information and communication sector.  This is particularly pertinent as it shows that R&D is not only for your "traditional" factory environment-type work, or white-coats discovering new potions, it has firmly moved into the everyday office environment.

All businesses should therefore assess whether they believe that they may be undertaking projects or work which is moving technology or science forwards - the tax reliefs are very generous and well worth a second look!   Please add a line - "Discuss R&D" - to your next management meeting agenda!
1 Comment
Kathryn
21/4/2019 09:54:15 am

Hi, very nice website, cheers!
-----------------------------------------
Need cheap hosting for just $10/year? Or VPS, where plans starts with $6/Mo?

Check here: url16.com/fdgjbilsd

Reply



Leave a Reply.

    Archives

    March 2017
    February 2017
    October 2016
    November 2015
    October 2015
    September 2015
    July 2015

    Categories

    All
    Dividends
    Owner-Managed Company
    R&D

    RSS Feed

    View my profile on LinkedIn

    Contact Us

Send

Where are we?
Taxation and accounting services are based at our Devon office.
Treasury services are delivered throught the UK and we typically visit you at your premises at times and frequencies convenient to you.  We can visit you on a weekly, monthly or annual basis - it's up to you and your needs. We can also collect direct from you. 

Our values
Flexible: we can visit you on site, and collect from your door
Qualified: over 20 years professional experience
Simple: times and frequencies to suit you, no jargin
Value:  no fixed obligations or minimum contract
 
​

Kadel Solutions Limited, Company Number 4493224, Registered Address 5 Castle Mount Offices, Victoria Place, Axminster, Devon, EX13 5NH



Website designed by Luke Lawson