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Recent content by tom667
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HMRC - likely to take issue with R&D VAT refund?
The answer to which would be to reclaim business expenses for product development. Whether that is a good answer; I don't know.- tom667
- Post #3
- Forum: Accounting / Legal
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HMRC - likely to take issue with R&D VAT refund?
Hi all, I do a bit of R&D from home, and produce very little output. So my VAT balance mostly looks negative. The R&D is for commercial product development. I'm hopeful that a commercially viable product will come out of the woodwork as a result, but I might not sell a single thing for two...- tom667
- Thread
- Replies: 3
- Forum: Accounting / Legal
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Advice on expensing R&D and "umbrella" company
Thanks everyone. Yes, I will have a contract for any sporadic work performed, I just mean it will not be guaranteed at an hourly amount. Just periodically available for that kind of work. I am doing 30 hours/week at this new contract because the money is not a problem for me. I would rather...- tom667
- Post #4
- Forum: Accounting / Legal
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Advice on expensing R&D and "umbrella" company
Hi all, I'm an electronic engineer. I've generally always worked as a salaried engineer but have been lured over the world of contracting for a short-term (6 month contract). So since this is my first time contracting I'd appreciate some advice. I have already formed a limited company for...- tom667
- Thread
- Replies: 4
- Forum: Accounting / Legal
