Originally posted by fullyautomatix
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R&D Tax Credits and Relief
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Originally posted by Lance View Post10 years ago a client of mine was claiming it. It was a grey area really as it was a hosting company. The argument was ‘it’s a new way of hosting’. It wasn’t really but it was for the client.
They got away with as
1) they were a company with 20+ staff
2) HMRC were falling over themselves for people to use those credits as there was a shortfall.
I doubt a PSC would get away with it. For a start almost all PSCs work is for a client who owns the IP and therefore would be the party to claim those credits.
Nice try though. Why not just buy the gamer’s PC as Visio needs a decent graphics card. And it’s an asset that will last more than 3 years.
Let's say hypothetical - PCS with one of directors PhD and active research project, with actual research papers to back it.
Machine learning PCs are not gamer PCs, they can have >6 "graphic cards". And you can even look at multiple PCs with distributed calculation. Not going into technical details, but that cost would be 10-20k for basic cluster.
Maybe it would be beneficial to increase basic salary and claim that for R&D or you can't do that for director?Comment
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Originally posted by AndrewK View PostNo projects are not for the client.
Let's say hypothetical - PCS with one of directors PhD and active research project, with actual research papers to back it.
Machine learning PCs are not gamer PCs, they can have >6 "graphic cards". And you can even look at multiple PCs with distributed calculation. Not going into technical details, but that cost would be 10-20k for basic cluster.
Maybe it would be beneficial to increase basic salary and claim that for R&D or you can't do that for director?
He might actually know what a PCS is.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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If you've got some grear idea that needs R&D to make you lots of money later then focus on that idea, not R&D tax relief which was intentionally designed not to be claimable by almost any small company
We claim a fraction of our overall R&D and get it audited by Deloitte to be sure it's within the rules, IMHO most small companies claiming it probably fo it wrongly - I expect big crackdown anytime nowLast edited by AtW; 18 October 2017, 09:50.Comment
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Originally posted by AndrewK View PostMaybe it would be beneficial to increase basic salary and claim that for R&D or you can't do that for director?Comment
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Originally posted by TheFaQQer View PostYou can be paid whatever the company wants to pay you.Comment
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Originally posted by AndrewK View PostNo projects are not for the client.
Let's say hypothetical - PCS with one of directors PhD and active research project, with actual research papers to back it.
Machine learning PCs are not gamer PCs, they can have >6 "graphic cards". And you can even look at multiple PCs with distributed calculation. Not going into technical details, but that cost would be 10-20k for basic cluster.
Maybe it would be beneficial to increase basic salary and claim that for R&D or you can't do that for director?
You need to understand what a qualifying expenditure is. The project types that qualify are quite wide so as long as you tick the right boxes you’ll likely be Ok.
Read this https://www.gov.uk/guidance/corporat...ment-rd-reliefSee You Next TuesdayComment
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Originally posted by AndrewK View PostGood for you. But I didn't ask for your as usual useless opinion. I tried to find person with actual knowledge.Comment
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So far impression is that it can be a minefield and more problems in future with HMRC. Definitely not worth for 10kComment
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Originally posted by AndrewK View PostSo far impression is that it can be a minefield and more problems in future with HMRC. Definitely not worth for 10kComment
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