Owen Kyffin and Ian Parker of Whitley Stimpson and Scott Roberts of Polar Technology Management Group discussed why you should consider research and development (R&D) tax credits via video chat on Wednesday 15 July on the B4 Live platform.
With research and development more crucial than ever in a fast-moving, tech-driven world, the government has introduced significant tax incentives in recent years to encourage greater spending on the discovery and development of new ideas.
Technology business accountants
Technology can transform a business and we know how that works. We act for companies and high technology businesses such as Formula 1 and research and development (R&D) organisations. We have a range of services aimed at making businesses of all sizes more effective and we specialise in tailoring those to individual companies.
Specific issues to technology companies that we can assist with include: R&D, Patent Box, capital allowances claims, assistance with grant applications and grant audits. We can also help with business plans and due diligence to assist with funding.
On 7 April 2021, HMRC will be unplugging its “VAT XML” filing system for organisations that are voluntarily registered for VAT, but who are not yet signed up for Making Tax Digital (MTD).
HMRC has announced that they will use a new points based system to encourage taxpayers to submit MTD updates on time.
The Chancellor announced that taxes would have to rise, but not quite yet, as all tax rates except for VAT are frozen for 2021-22.
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Get in touch to talk to a knowledgeable technology business accountant.