Reforming a complex tax relief scheme could help unlock benefits for SMEs and stimulate innovation, writes GEMMA MONAGHAN A complicated tax relief aimed at encouraging companies to commercialise their innovations is in dire need of reform because it favours the few. The Patent Box scheme is said to be beyond the understanding of many businesses […]
Tax relief warning to construction firms
HMRC is closely scrutinising contracted out construction R&D claims, writes GEMMA MONAGHAN Scottish construction companies need to be fully aware of new legislation for ‘contracted out’ research and development (R&D) tax relief claims as HMRC is closely scrutinising applications and the language used in the contracts. The contracted-out legislation update has been welcomed as a […]