More small and medium-sized businesses than ever are taking advantage of the landmark Research & Development (R&D) tax relief scheme, it has been revealed.
By Ben Chernoff, Director at Davis Grant The UK tech sector looks set to beat its previous records for raising investment this year – with firms already securing more than £13.5 billion in the first six months of 2021.
Making Tax Digital (MTD) for Income Tax will be delayed until April 2024, the Government has confirmed.
Tax-related scams have almost doubled in the past 12 months, HM Revenue & Customs (HMRC) has revealed. The tax authority said the coronavirus pandemic has created a perfect environment for criminals to operate in. According to the most recent figures available, HMRC received more than one million referrals from the public about “suspicious contact” in […]
By Ben Chernoff, Partner at Davis Grant The past year has seen the formation of many new tech firms in the UK – with the nation now a leader in Europe in several fields.
The Future Fund: Breakthrough scheme will help innovative technology companies grow and bring new products to market in the wake of the coronavirus pandemic, the Government has suggested. The report comes after the initiative opened to new applications last week. If your business is seeking investment, here’s what you need to know. What is the […]
By Steven Sandford, Director at Davis Grant The UK tech industry is booming, contributing more than £184 billion a year to the economy. Although the sector is often discussed as a whole, there are a number of distinctive industries within tech, which often benefit from their own grants and reliefs.
The UK tech sector has continued to grow despite the impact of Covid-19 and lockdown restrictions, a major study has revealed. The data – shared by Companies House this month – shows how the coronavirus pandemic has helped carve out a bigger slice of the economy for tech businesses. According to the figures, some 14,301 […]
On 3 March 2021, the Chancellor outlined several plans to invest in innovative UK businesses and the research and development (R&D) sector, including by reviewing the existing R&D tax credit system.