Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Where is the UK economy now?" video.

  1. ​​ @LordStraightBanana Only you are saying it is. Why not actually read the Report, then you'll actually know what he's suggesting. Then you'll know what you agree or disagree with, instead of shouting into the ether.
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  2. It's time to tell T. I. N. A. she's been lying. There is an alternative. 👍
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  3. Please read the Report then comment if you agree or disagree. Commenting before you've read it says much more about you than the proposals in question.
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  4. "Who can claim You should use the RDEC scheme if your accounting period began before 1 April 2024 and you’re a: - large company; - small and medium-sized enterprise and you’re claiming for work that has been subcontracted to you; - small and medium-sized enterprise and you’ve received a notified State Aid for the project; - small and medium-sized enterprise and you’re claiming for costs that have been subsidised in some other way, such as a grant. If you do not meet these conditions you may be able to claim using the "Small and Medium-sized Enterprise Tax relief scheme." To claim your company must - be trading - be chargeable to Corporation Tax - have a project that meets the definition of R&D - have costs that qualify for the relief " — HMRC (2024)" "Guidance: R&D expenditure credit for large companies and small and medium-sized Enterprises" - Online Accessed 2025-01-14 13:08 GMT. I think you are conflating the Tax Credit scheme with the Tax Relief Scheme. On the tax credit scheme no-one gets 100%. The maximum tax credit for tax year 2023-2024 is 20%. It was 13% for the tax years 2020-2023. "The R&D tax relief for SMEs allows your company to: - deduct an extra 86% of your qualifying costs from your trading profit for tax purposes, as well as the normal 100% deduction, to make a total of 186% deduction - claim a payable tax credit if the company has claimed relief and made a loss The payable tax credit is worth up to: - 10% of the surrenderable loss - 14.5% of the surrenderable loss if the company meets the intensity condition for expenditure on or after 1 April 2023 (read how to meet the intensity condition section of this guide)." — HMRC (2024) "Research and Development tax relief for small and medium-sized enterprises" Online. Accessed 2025-01-14 13:26 GMT. No URLs as YT is removing links in comments to external sites, but if you Google them, you find two different schemes the first is the legacy tax credit only scheme, and the second tax relief scheme provides additional deductions and a tax credit. Of course, it's best to consult an accountant.
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  5. By the way, he is an academic. He's Professor of Accounting Practice at Sheffield. He's a P.hd dear.
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  6. ​ @WillyJunior More importantly, you've told us much more about what you expected than anything else. Just 7 moths into a 5 year minimum term, and chicken licken is saying the sky's falling. Such a lack of bias - not.
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