
3 minute read
Reforms to R&D tax credits
from ACANews June 2022
by brianwaters1
ACA excellence in practice
pared to 10 years ago! Tips on managing nerves, assuming you have done all the preparation you should have and know your material – meditation and breathing techniques and visualisation techniques are all highly effective. But don’t wait until you feel confidence to physically project it – the confidence will inevitably follow.
6. What are you most proud of in your career?
This really goes back to the same points that are most rewarding in my role. The ADS framework has broken new ground in how we evaluate and value design talent and the different perspectives a more diverse supply base can bring. I am proud to be able to say I have helped improve the diversity of our supply base and enabled a mixed economy of the larger practices but also medium, small and micro-SMEs to work in public sector.
7. What is your typical weekend?
I usually do yoga and then a work out in the mornings. I love cooking so sometimes I will buy unusual and interesting ingredients and make a feast for the family to enjoy – Korean and Japanese food has recently been my thing. I also use my weekends for either drawing, painting or making paper craft, often as gifts for others. I will also spend time in the garden and we enjoy a visit to a nursery centre to buy new plants and make plans to improve our garden space.
8. Coffee or tea?
I no longer drink coffee or tea, I stick to green tea and matcha tea for their health benefits!
9. Are you an early bird or late owl?
Usually during the week I’m up early and logged in by 7.30am. My brain seems to work best then. But after I’ve had a warm and comforting matcha tea mid-afternoon my brain is raring to go again.
10. If you had a superpower, what would it be and why?
I’m actually rather a geek and love my science-fiction movies and books, starting with Orson Scott Card and Isaac Asimov when I was a teenager. I’ve always loved time travel stories, nothing would beat being able to travel to the future and find out how technology has changed, particularly space travel.. n
Reforms to R&D tax credits
When: Autumn Budget 2022 and April 2023. Comment: The government is currently in the process of reviewing the Research & Development tax credit system, which it feels could deliver more ‘bang for its buck’.
The Spring Statement provided the opportunity for both specific updates and more promises of things to come by the time we get to the Autumn Budget and, presumably, the review has made some further progress.
Three measures will be introduced in April 2023, namely: • R&D work carried out by UK companies outside of the UK for material or regulatory reasons will be eligible for tax relief. • All cloud costs associated with R&D will be eligible for reliefs. • All pure mathematics will be eligible for R&D reliefs, supporting the Artificial Intelligence, quantum computing, robotics, manufacturing and design sectors.
Announcements on other changes, such as expanding the ‘generosity’ of the RDEC scheme, which the Chancellor specifically mentioned in his speech, will be made in the Autumn Budget. - source: Gale and Phillipson
Architects are eligible for these tax benefits [even when not profitable!]. Consult our sponsors Green Jellyfish who offer members a substantial discpount on their resultsbased fees.
Quote “ACA’ when enquiring for a specially negotiated members rate
Experts in R&D Tax Credits for Architecture
What Is R&D?
R&D stands for research and development. It is the process of taking an idea and transforming it into a fully-fledged product or process. Researching, designing, creating and testing are all part of the R&D process.
Architecture R&D
R&D in architecture can include utilising and advancing technology such as improving how materials or products are used, or overcoming uncertainties by way of development in testing and prototypes or designing anything bespoke to you.
What We Can Do For You
We arrange a FREE no-obligation phone call to discuss your business, if we believe you are eligible then we will start the claims process. Architecture is innovative by nature, so most projects qualify, most claimants were unaware that they qualified
Charlotte Rope 07506 446127 / 0330 002 0010 charlotte.rope@greenjellyfish.co.uk
Scan the QR code for more information!