IAP Renews relationship with Leyton

Introduced in 2000, the UK R&D tax credits scheme allows companies to reduce their corporate tax bill or receive a tax refund based on a proportion of their R&D expenditure.  The main objective of the scheme is to increase both the quality and quantity of UK Research and Development, in order to attract foreign direct investment and encourage domestic R&D activity.

Since its inception, the scheme has grown to include both SMEs and large companies. In 2016/17 £3.5 billion was claimed in R&D tax credits by innovative UK businesses. The scheme can be used by any organisation that pays corporation tax in the UK and meets the necessary R&D criteria; it can even be used on unsuccessful projects.

The work that qualifies for R&D tax relief must be part of a specific project which aims to make an advance in its field.  The project may research or develop a new process, product or service or improve on an existing one.  You can claim SME R&D relief (RDTC) if you’re a SME with less than 500 staff and a turnover of under €100m or a balance sheet total under €86m

Leyton works in partnership with their clients to identify the government funding schemes that are most relevant to their business and can deliver maximum returns in tax credits or grant funding.  They then explore the clients’ business activities in detail using qualified sector experts to ensure all potential qualifying costs are considered. They use a tried and tested methodology that has delivered over 7,500 successful claims in the last 10 years’ worth over £350m to their client-companies.

For more information on the tax scheme; contact the Institution

Boeing 737 MAX probably crashed because of a known software error?

A recent press release by Boeing admits that they new 2 years ago about a software issue with the flight system, however they had informed the FAA as well.

“Boeing discussed the status of the AOA Disagree alert with the FAA in the wake of the Lion Air accident. […] https://www.iap.org.uk/main/boeing-737-max-probably-crashed-because-of-a-known-software-error/

May Bank Holiday

The Institution will be closed on Monday the 6th of May for the Bank Holiday here in the UK.