Tax Insight will be at the exciting 2015 UKSPA event at Imperial College London.
The event presents a good opportunity for all types of businesses involved in innovation, research and forward development to update across a range of exciting emerging technologies.
We look forward to seeing fellow UKSPA members there!
We have been asked to provide ‘feedback’ on the effectiveness of the UK’s R & D tax relief programme
We are inviting readers to comment on these areas
Areas for improvement ( Extend to partnerships and all types of SME?)
Effectiveness of tax v cash incentives
Problems with wider EEC reliefs
Incubator / start up reliefs as a separate incentive
Large Company experiences
The deadline for the Consultation is 27 February 2015
We look forward to further interesting R & D developments on the back of this important consultation in 2016 and beyond!
Further information can be read here:
A refreshing start to the New Year as the Government remind us of the flagship corporate tax roadmap available for innovative companies by launching the ‘Business is Great Britain’ website.
In this no expense spared gloss over of the mainstream tax breaks open to UK companies, the site does certainly provide us with an enticing summary of venture capital opportunities as well as the trusted R & D and creative industry reliefs.
The objective is to encourage UK businesses ( hopefully not just corporates?!) to invest in development and economic opportunities. The site promotes all these pluses against the surge in independent crowd funding firms and other peer to peer lending groups.
All good news, particularly for our own innovators.
Enjoy! but don’t forget if it sounds too good to be true, …… Tax advice can be complex and we are delighted to offer a free consultation on how to make the most of combining any of the Business is Great initiatives.
Read more………..
http://www.greatbusiness.gov.uk/tax-relief-and-incentives-for-businesses-and-investors/
According to the Financial Times, the Tech sector has been one of the most funded sectors for third party investment funds into start up’s in 2014.
Highlights include an estimated $2.1 billion across global tech businesses, compared to $1.1 billion in 2013. The increase reflects both increased UK tech activity as well as opportunities cascaded down by US tech spenders.
Where is the smart funding going? some unusually large project investments have gone into travel industry technologies, for example the Momondo Group travel search engine received £130 million in 2014 with much more to come, whilst online payment technologies and satellite tracking technologies have received similar investments on a long term basis.
Why is this important to our clients? Third party funding sources have seen a surge in 2014 and with government quangos such as Tech City UK and our own Science Parks, UK tech is here to stay.
The R & D tax credit programme runs alongside this and is the perfect complement to investor funds.
A Happy 2015 indeed!