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Video Games Tax Relief (VGTR) & VGEC
Understanding VGTR and VGEC: UK Tax Relief for the Video Games Industry Video Games Tax Relief (VGTR) is a government-backed incentive designed to support the UK’s thriving video games industry. Available to UK-based video games development companies, VGTR enables eligible businesses to claim a significant tax relief or payable credit for qualifying production expenditure. It…
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Merged R&D Scheme (UK)
As of 1 April 2024, the UK government has introduced a new Merged R&D Tax Relief Scheme, which consolidates the previous SME and RDEC schemes into a single, streamlined credit system. This change aims to simplify the R&D tax landscape, provide consistency across businesses, and target relief towards genuine innovation. The merged scheme is based…
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SME R&D Tax Relief
Boost Your Business with SME R&D Tax Incentives Small and medium-sized enterprises (SMEs) in the UK can claim generous tax relief on qualifying R&D expenditure. Under the SME R&D tax relief scheme, companies may deduct 186% of eligible costs (100% ordinary plus 86% enhanced deduction) against taxable profits. Loss-making SMEs can also surrender losses for…
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R&D Expenditure Credit (RDEC)
The R&D Expenditure Credit (RDEC) is a UK government incentive designed to encourage large companies and certain SMEs to invest in research and development. Unlike the SME scheme, RDEC operates above the line in the accounts, meaning it appears as income in the profit and loss statement and is visible to shareholders and stakeholders. For…
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Bid Writing Services
Win More Contracts with Expert Bid Writing Support In today’s competitive funding landscape, a well-crafted bid can be the difference between securing innovation funding and missing out. FI Group offers professional Bid Writing Services and Grant Writing Service support to UK businesses looking to enhance the quality, clarity, and competitiveness of their applications for innovation…
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Bid Management
Bid Management Services: Delivering Successful Innovation Funding Campaigns Securing innovation funding requires more than just writing a good proposal. It demands strategic planning, stakeholder coordination, and effective project governance. FI Group offers end-to-end Bid Management Services and Grant Management Service support to streamline the full lifecycle of funding applications — from opportunity identification to…
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UK Grant Competitions
UK Grant Competitions: Unlock Innovation Funding with FI Group UK Grant Competitions are a crucial source of innovation funding for businesses looking to accelerate research, develop new technologies, and bring novel solutions to market. These competitive funding calls, often run by Innovate UK and other UK public sector bodies, provide businesses with a unique opportunity…
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EU Innovation Grants Funding
EU Innovation Grants Funding: Access European R&D Support with FI Group Even after the UK’s departure from the European Union, UK companies can still access a wide range of EU Innovation Grants Funding opportunities. From Horizon Europe to EUREKA programmes, these schemes support cutting-edge research, technology development, and cross-border collaboration. FI Group supports UK businesses…
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R&D Tax Credit Review Service
Ensure Accuracy with a Professional R&D Tax Credit Review Service R&D Tax Credits remain one of the most valuable incentives for innovative UK companies, but claiming them correctly is more challenging than ever. With increased HMRC scrutiny, evolving legislation including the Merged Scheme and R&D-intensive relief and more frequent enquiries, reviewing your R&D claims for…
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Patent Box Scheme
Patent Box Scheme: Reduce Tax on Innovation Income with FI Group The UK’s Patent Box scheme offers a significant tax incentive for innovative companies. By applying a reduced corporation tax rate to profits earned from patented inventions, the Patent Box Tax Relief rewards businesses that develop and commercialise IP in the UK. At FI Group,…