14 February 2020
James Tetley, national head of R&D at RSM, comments on today's report from the National Audit Office on the management of tax expenditures.
29 November 2019
The outcome of the ‘tourist tax’ consultation will be eagerly watched by many in the leisure and hospitality sectors. But this concern also stretches across into the food and drink sector which has embraced the appeal of provenance for Scottish brands and the sector has expanded in the experiential with activities, such as whisky and gin distillery tours.
10 October 2019
New statistics from HMRC have revealed that there was a 22 per cent year-on-year rise in the number of claims for research and development (R&D) tax credits submitted by companies in 2017-18, with the level of support provided rising by 26 per cent.
03 October 2019
The latest announcement to move towards a 25 per cent tariff between the EU and US on scotch whisky is a significant blow for the sector, which has been somewhat caught in the cross fire of retaliation regarding the Airbus WTO ruling.
20 September 2019
Companies are experiencing considerable delays in HMRC's processing of payable R&D credit claims. These delays could impact on future investment by companies into further innovation, impacting companies’ financial results and the growth of the wider economy.
12 September 2019
In this webinar, Stuart McCallum and James Tetley, two RSM partners whose sector experience has been built over many years by serving the needs of their food and drink clients, talk through the innovation trends currently taking place in the industry and give some examples of how some of these activities can qualify for R&D tax relief.
06 June 2019
Last year, Scotland welcomed a record number of international visitors, domestic tourism ticked upwards and total overnight stays rose by a healthy 3 per cent. But while the latest visitor numbers from Visit Scotland are encouraging, tourist spending is down and new threats are coming into view.
24 May 2019
New proposals designed to prevent abuse of the R&D tax relief regime risk disincentivising small businesses from undertaking genuine R&D activity, RSM has warned.
08 February 2019
Mark Nisbett and Stuart McCallum, partners at RSM, comment on the Government’s newly published no deal Brexit advice on food and drink labelling.