Catch up now on the changes to UK's R&D tax relief rules in our recent webinar

During our webinar our corporate tax specialists, Margaret Savory and Tracy Bacon, update you on the proposed new R&D tax relief rules that will apply for accounting periods beginning on or after 1st April 2023.

Watch the webinar here

Crypto and Blockchain

Earlier this year plans were announced to make the UK a global crypto asset hub with the proposal that the Royal Mint would create a non-fungible token (NFT) and the plan to bring in legislation to incorporate stablecoins into the UK economy. This month the Department for Digital, Culture, Media and Sport announced the launch of an inquiry to establish the risks and benefits of NFTs and blockchain technology.

The inquiry is to focus on whether the general public are put at risk by the market and consider whether further regulation is required.

Webinar - Making Sense of Cryptocurrency

In this webinar our sector leader, Sharon Omer-Kaye, will provide insight for private individuals and businesses into this rapidly advancing technology and discuss the tax implications associated with cryptocurrency. Whether cryptocurrency seems like a far fetched, distant technology for your business, or you are already trading in digital assets, join our webinar to find out how we can help you to maximise your potential.

This webinar will cover the following topics:

What is Blockchain
Digital assets overview
How digital assets are acquired and held
UK Tax framework for individuals and business

Webinar details:

Date: Wednesday 30th November 2022

Time: 10:00am - 10:45am

Venue: Your desk (Zoom)

Cost: Free

Government Office for Technology Transfer

The Government announced the launch of its Office for Technology Transfer (“GOTT”). This has been established to unlock the potential value of public sector knowledge assets. GOTT has a cross-government mandate to supercharge the identification, development and exploitation of public sector knowledge assets and to encourage the public sector to be more innovative and entrepreneurial in how it manages its own assets. It’s intended that through the provision of both funding and expertise, GOTT will accelerate the commercialisation of public sector IP. This initiative may well have broader implications for technology transfer activities across the UK but it is still early days so watch this space!

Are post-Brexit safety rules slowing UK innovation?

Recent press articles cite claims by trade bodies and entrepreneurs in the UK that British inventions are being developed and marketed overseas because uncertainty over new safety rules is making it harder to bring them to market from the UK. Following Brexit, the UK government planned to replace the European “CE” safety mark with the UKCA certification at the end of 2021.

Brexit red tape puts brakes on UK innovation and EU sales

British inventions are being brought to market overseas because new Brexit safety certification rules mean they can’t be sold in the UK. Trade bodies and entrepreneurs have blamed the government’s decision to stop accepting the European Union’s CE mark and instead create a new UK Conformity Assessed (UKCA) mark showing that a product is safe.

Contact Us

James Cowper Kreston is a leading firm of accountants and business advisers, with offices across the South of England. We deliver focused, innovative advice to a diverse range of businesses and individuals helping our clients to maximise their potential.

If you would like to discuss any of the topics raised within this newsletter please email us on info@jamescowperkreston.co.uk or call us on 01635 35255.

James Cowper Kreston

The information in this newsletter must not be relied on as giving sufficient advice in any specific case.