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Making Accounting Simple – R&D Tax Relief – Start-Ups

Written by Jon Cooper

Here at CooperFaure we’re always trying to think of exciting new ways of how to engage with our clients. That’s why we’ve launched a video series called ‘Making Accounting Simple’ which aims to cut through the complexity of accounting.

Research and Development (R&D) Tax Credits are a tax incentive designed to encourage UK companies to invest in innovation. We wanted to get the message out, specifically to start-up businesses, that they could be missing out on some extra financial flexibility. 

However, from the 1st April 2020, it is proposed that the amount of payable R&D tax credit will be restricted to three times the company’s total PAYE and NICs liability. This change will mainly penalise start-up companies so make sure to watch the video to find out why you should claim.

What We Are Doing To Challenge This

We at Cooper Faure believe that start-ups at the heart of innovation should not be penalised for being unable to afford to employ permanent staff, and we are campaigning against this change. Given the government’s desire to be a UK world leader in enterprise and innovation, this measure is counter-intuitive to that goal.

To make your voice heard, please sign our Parliamentary Petition here.

If you have any questions. please contact us at tax@cooperfaure.co.uk arrange an initial consultation with one of our team of specialists. If you would like to find out if you are eligible for R&D Tax Relief you can arrange a consultation for a fee of £300.00 plus VAT and enjoy our 100% success rate.

If there are any topics you would like to be covered in future videos, or in a Q+A with Jon Cooper, please let us know. 

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