As we postpone Brexit yet further and are thrown into more political uncertainty, good tax planning can provide some consistency and certainty. Maria Kitt focuses on topical Corporation tax planning [November 2019 ] Move to 17% Around two million trading companies in the UK will be familiar with paying corporation tax at 19% on any…(Read More)

RDEC Claims


HMRC have been attempting to ‘simplify’ the potentially complex RDEC calculations for large companies and SME’s subcontracting RD activity – a welcome and helpful move. the guidance can be read here, please do not hesitate to contact your usual partner for further help….…(Read More)

More on Brexit anyone? Interestingly there has been no more from the UK government since the publication last March promising continuity across tax and grant funding initiatives. Conspicuous by its absence, special measures for UK Science & Technology companies would be welcome; not least potential labour flow easements across European borders should the need arise.…(Read More)

Winter Blog


Maria Kitt attended the opening UKSPA conference of 2019, on behalf of Tax Insight held at Imperial College, London. ‘UK science and technology is in a very strong place to build and grow the ‘knowledge economy’ of 2020 and beyond. We heard fascinating talks from scientists across the UK and several ‘success stories’ from individual…(Read More)

From Maria Kitt Whilst the Budget announcements provided some encouragement to the SME economy, sadly the RD sector received a shock announcement throwing us back to the pre 2007 gloom where tax credits are pegged to a tax ‘cover’ of PAYE / NIC contributions. The excuse is that HMRC have discovered fraudulent claims and are…(Read More)

UK RD tax reliefs have now reached their highest ever level of generosity following the Finance Act (Budget) 2018. Innovative companies can now obtain valuable tax reliefs, tax credits and grant funding at a level that is one of the most generous in the world. We were therefore delighted to see Maria Kitt completing the…(Read More)

Whilst no further tax rate changes were contained in the Chancellor’s Spring Statement, we did see further traction in the UK corporate road tax for innovators. Consultations were announced to enhance capital funding for RD and innovation with probable tax breaks for business angels and investors in ‘enterprise’. Read more details here…(Read More)

Anyone who has spoken personally to me about this topic, will recall, depending upon their interest levels, a discussion around the volume of legislation open to HMRC and other international tax authorities to counteract profit erosion (polite term), profit shifting, dividend shifting and premium payments for intellectual property assets, rights and similar. There are both…(Read More)

The ‘Science Budget’ of December 2017 made a number of improvements to the tax regime for innovative companies. Headlines include a reduced corporate tax rate (19%) and an uplift in the RDEC R & D tax credit for large companies performing R & D with effect from 01 January 2018. These changes are now passing…(Read More)

Although almost unremarkable, and against the backdrop of a downgraded O.B.R growth forecast, the first Autumn Statement contained three improvements in the reliefs and incentives on offer to UK innovators, in terms of improved RD relief for large companies and investment incentives in the RD sector. Perhaps an improvement in the SME RD…(Read More)