Posted on Wednesday 10 November 2021 by Luke Hamm | Chief Executive Officer
The Chancellor of the Exchequer, Rishi Sunak, presented his Autumn Budget and Spending Review to Parliament on Wednesday 27 October 2021. There were very few surprises when it comes to R&D, innovation, and Patent Box tax relief. Many of the announcements were made against the context of the recent R&D consultation, see our response here.
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Posted on Wednesday 3 March 2021 by Luke Hamm | Chief Executive Officer
The Chancellor had a tough task today in dealing with the short term needs and long term recovery that Covid-19 necessitated. It is encouraging to hear some real steps forward in the R&D roadmap including a commitment to green energy, levelling up, skills and visa agendas and a review of R&D tax relief.
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Posted on Tuesday 23 February 2021 by GovGrant
First announced nearly a year ago, as part of the 2020 budget, it seems that the government is set to go ahead with the £800m investment into a new “blue skies” science research agency. If it was welcome in 2020, it is surely essential now with everything that has happened in the interim.
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Posted on Friday 5 June 2020 by GovGrant
It may seem like another era, but the UK budget on was less than 3 months ago. At that time the Chancellor set out his plans to increase public R&D investment to £22 billion per year by 2024 to 2025.
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Posted on Monday 10 December 2018 by Luke Hamm | Chief Executive Officer
Luke Hamm, chief executive of innovation tax specialist GovGrant, has welcomed the government’s announcement that it is to introduce new laws to protect small businesses against unfair contracts that stop them raising money from unpaid invoices.
Posted on Friday 9 November 2018 by Steve Phillips | Chief Financial Officer
As is usual, politics took centre stage following the 2018 Budget. Labour was under scrutiny after the Shadow Chancellor, John McDonnell, indicated that, unlike his boss, he would not oppose the government’s personal tax changes. In the Times, leading economist David Smith noted that while the budget ‘must be judged as a political success,’ the level of public debt continues to be a cause for concern.
Posted on Tuesday 30 October 2018 by GovGrant
Title: Budget 2018: Has the chancellor delivered on tax and innovation?
Date: Thursday, November 01, 2018
Time: 09:30 AM Greenwich Mean Time
Posted on Tuesday 23 October 2018 by Luke Hamm | Chief Executive Officer
GovGrant, the innovation and R&D tax specialist, has urged the Chancellor to use the tax system to boost the UK’s army of inventors and innovators in the Budget on 29 October.
Posted on Tuesday 23 January 2018 by Luke Hamm | Chief Executive Officer
A long awaited report into tax credit relief was pretty much guaranteed to make waves because of its forthright views. The Institute for Public Policy Research did not hold back when it released its findings into the extra revenue that firms can access for carrying out research and development.
Posted on Tuesday 16 January 2018 by Luke Hamm | Chief Executive Officer
Everyone knows that running your own business is one of the toughest challenges out there in the professional world. It takes a mixture of guts, determination and self-belief to make a success of a small enterprise and the UK’s army of entrepreneurs need all the help and support they can get.
Posted on Friday 24 November 2017 by Luke Hamm | Chief Executive Officer
Philip Hammond made it abundantly clear in his Budget that innovation and creativity are the driving forces behind the UK’s economy.
UK Digital Strategy – full on intent but lighter on new policy
Get ahead with your R&D tax relief
Response to R&D Tax Reliefs Consultation – further information 2022
What’s changing in the R&D tax relief market?
How to select the right R&D advisor for your business?
