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UK-Singapore Business Collaboration Impact on Research and Development
UK-Singapore business collaboration impact on research and development looks to be positive with the recent deepening of collaborative ties.
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Unlock Mental Health Innovation Grants with XR: Apply for Innovate UK’s £3.7 Million Funding Opportunity
In the fast-evolving landscape of healthcare, technology is playing an increasingly critical role in addressing mental health challenges. Innovate UK’s latest health innovation grants competition, Mindset Extended Reality (XR): Digital Therapeutics for Mental Health, offers UK businesses a unique opportunity to harness the power of extended reality (XR) in creating cutting-edge digital therapeutic solutions for mental…
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Unveiling the Latest Trends in R&D Tax Credits: HMRC September 2024 Insights
The latest statistics on Research and Development (R&D) tax credits, released in September 2024, provide a comprehensive overview of the current landscape of R&D investment in the UK. These insights are crucial for understanding how businesses are leveraging tax incentives to drive innovation and growth. Here are the top 10 key takeaways from the report:…
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Regulatory Innovation Office: A New Era of UK Innovation
In a significant move to accelerate the adoption of cutting-edge technologies, the UK government has launched the Regulatory Innovation Office (RIO). This new unit aims to reduce bureaucratic hurdles and speed up public access to transformative technologies, from AI in healthcare to emergency delivery drones. What is the Regulatory Innovation Office? The RIO is designed to…
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The Role of R&D Experts in Navigating HMRC Filings
The Role of R&D Experts in Navigating HMRC Filings Cause for Concern with HMRC Recent policy changes and increased compliance checks by HMRC have made the R&D tax claim process more intricate. Having R&D experts on your side is essential to minimise the risk of HMRC inquiries, prevent loss of R&D tax refunds, and ensure…
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The Cash Flow Impact of an HMRC R&D Tax Compliance Check
The Cash Flow Impact of an HMRC R&D Tax Compliance Check By Alastair Hall, R&D Management As an R&D advisor, I’ve encountered numerous CFOs and CEOs who assume their R&D tax claim process is fool-proof. Due to recent HMRC policy changes, combined with an increase in compliance checks, this assumption can have negative impacts to…
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A Guide to R&D Capital Allowances
What are R&D Capital Allowances? As a business owner in the UK, you’re likely facing challenges when it comes to funding your research and development (R&D) projects. The costs of innovation can be high, and you might be worried about how these expenses will impact your company’s financial health. R&D Capital Allowances are a type…
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R&D Tax Credit Claim Deadline and How Far Back you Can Claim it
In the dynamic landscape of business innovation, understanding the R&D tax credit claim deadline is pivotal for companies seeking to maximise their financial benefits. This comprehensive guide delves into the intricacies of the R&D claim deadline and sheds light on how far back companies can retroactively claim these credits. Embarking on a journey of innovation…
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ChatGPT: A Revolutionary Tool in Business and Technology
ChatGPT, a natural language processing and artificial intelligence language model developed by OpenAI, has emerged as a revolutionary tool in the field of business. It represents a significant opportunity for organisations to improve customer engagement, provide personalised interactions and assistance to customers, automate marketing tasks, and analyse customer behaviour to provide insights that can help…
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How to claim R&D Tax for blockchain?
If you are a blockchain software business, you could be eligible for R&D tax credits.