R&D Tax Credits
Research and Development (R&D) tax relief applies to companies who have incurred costs when developing new products and practices.
The tax relief is a focal point of the government’s strategy to encourage innovation and business development across the UK. A common misconception with R&D tax relief is that it only applies to large, multinational corporations, at UNW we have successfully worked on the claims of firms of varying sizes and turnovers.
We have a deep knowledge of the relevant legislation and act for numerous clients in explaining the legislation and identifying the qualifying projects/R&D that has been undertaken. We then ensure that the R&D claim is processed, often alongside the company’s tax return for the year, to ensure that the benefit of any R&D claim is obtained at the earliest opportunity.
HMRC has announced that the introduction of significant amendments to the VAT rules for construction services, known as ‘domestic reverse charge’ accounting, have been delayed for 12 months until 1 October 2020.
Newcastle-based chartered accountancy and financial advisory firm UNW has provided support to The Alnwick Garden across a wide range of services. Most recently, this has been during the development of their Lilidorei Play Village, a project which will see the organisation launch the world’s biggest wooden play structure. We spoke with Mark Brassell, Director of The Alnwick Garden, about their Lilidorei project, as well as the organisation’s involvement with UNW.
SJOG Hospitaller Services has enjoyed growth over the past nine months following the appointment of an entirely new executive team,
HM Revenue and Customs (HMRC) has published the latest advisory fuel rates, to apply from 1 September 2019. The new