News & Views

  • Happy 3rd Birthday YesTax!

    Three years ago today, YesTax was formed. From our humble beginnings in the tiny rented office space in Sheffield, we’ve experienced many highs during this remarkable period in modern history. The company was only 13 months old when the Covid-19 pandemic struck yet has been fortunate enough to thrive in some of the most turbulent economic times in living memory.

  • Research & Development Allowances – Case Study

    Further to our previous article outlining the mechanics of the often-missed Research & Development Allowances (“RDAs”) this case study shows the relief in action, uplifting the capital allowances claim for a local manufacturer.

  • Why do HMRC enquire into a R&D tax relief claim?

    Concern over abuse and boundary-pushing involving R&D tax relief claims has grown in recent years. Some advisers, many with no background in tax, take advantage of companies who are unfamiliar with tax legislation.

  • Software R&D tax claims and the importance of the BEIS guidelines

    As a little reminder to start the New Year and given the increased scrutiny of R&D tax relief claims by HMRC, we have put together a brief guide to help you ascertain whether a valid R&D tax credit claim for software development can be made.

  • Manufacturing R&D

    UK manufacturing has in recent times been exposed to unprecedented market forces. Mounting skill shortages and increased labour costs, coupled with the drive to achieve ambitious net zero targets means there has never been a more critical time to innovate.

  • Forthcoming Changes to R&D Tax Relief: Our Thoughts

    At the Spring Budget 2021 the government launched a review of the two R&D tax relief schemes. With this, came a consultation which ran until June 2021. The findings of the consultation have now been published and HMRC have outlined more details about the forthcoming changes.

  • R&D Tax Relief - Major Changes Forthcoming From April 2023

    At Spring Budget 2021 the government launched a review of the two R&D tax relief schemes - the Research and Development Expenditure Credit (RDEC) and the small and medium enterprises (SME) R&D relief. The objectives of the review were to ensure that the UK remains a competitive location for cutting edge research, that the reliefs continue to be fit for purpose and that taxpayer money is effectively targeted.

  • Christmas Boxes for Sheffield Children's Homes, in Partnership with Ant Kids

    This month, we were thrilled to support one of our local clients, Ant Marketing, who set up their own charitable foundation, Ant Kids back in 2015. The Ant Kids registered charity is closely aligned to YesTax as their aim is to support disadvantaged children of all ages.