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Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
Guidance Living in Nigeria
Information for British citizens moving to or living in Nigeria, including guidance on residency, healthcare and passports.
Paul Beare Wins IR Global Member Of The Year
Paul Beare has been named Member of the Year at this year’s IR Global Conference in Amsterdam.
Are you missing out on R&D?
International companies: the latest UK R&D figures are in
R&D tax credits are a tax relief designed to encourage greater R&D spending in the UK, leading in turn to greater investment in innovation. Since 2013, this has been enhanced by Patent Box relief, a reduced corporation tax rate being phased in for taxable profits attributable to patents, which aims to get the UK’s tax rate on relevant profits down to just 10%.
Figures released by HM Revenue & Customs (HMRC) last month show that nearly 16,000 R&D tax credit claims were made in the year to 31 March 2013, with the total amount of R&D support claimed hitting £1.4bn. This is a significant increase on the previous year and means more than £9.5 billion in tax relief has been claimed since the R&D tax regime was introduced. While for some companies this means a reduced tax bill, for many others it results in a cash receipt from HMRC.
So can you benefit?
Well, while tax should rarely be the driving factor in determining your business location, it does make the UK even more attractive as a location for developing and exploiting your IP. Add to this the new Creative Industry tax reliefs available in the UK and surely every international CFO of a technology based company should have the UK on their shortlist.