| |
| |
UK rejoins EU’s Horizon science programme after Brexit hiatus | |
The recent announcement that the UK is joining the EU’s flagship science research programme, Horizon Europe and the associated Copernicus programme from 1 January 2024, has been largely welcomed by the UK’s scientific community.
Since leaving the predecessor programme, Horizon 2020, as a result of Brexit, UK scientists and scientific institutions have lost out not just on valuable funding opportunities but also on opportunities for scientific collaboration across Europe. | | | |
| |
| |
How should health tech businesses respond to HMRC’s R&D tax credit enquiries | |
| |
HMRC has significantly increased scrutiny of R&D tax credit claims leaving many SME businesses frustrated and out of pocket.
How should a business respond to formal HMRC enquires and is further reform of R&D tax credits needed?
The R&D tax credit regime has been a bedrock for health tech businesses, providing a valuable tax credit on research and development by reducing corporation tax and for pre-revenue (or other loss making) businesses a much-needed boost to cash flow. | |
| |
| |
| Don't forget the Patent Box
| |
The Patent Box recently celebrated its 10th anniversary, but its uptake remains relatively low compared with claims for R&D tax relief. It was introduced as a complement to the R&D schemes to encourage UK companies to innovate, patent and then commercialise their R&D by offering a reduced rate of tax on the profit from those patented items. | | | |
| |
| |
| |
| |
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.
| | | |
| |
| |
| |
| |
.jpg)
