Under section 1123 (3) CTA 2009, the company may reimburse expenses incurred initially by an employee, and such reimbursement may constitute qualifying staffing costs in the following circumstances. The expense constitutes an expense to the company of employing staff, and The expense is an expense the employee pays in order to fulfill the requirements of…

With the UK having the second largest aerospace industry in the world and a sector spend of £1.4 billion in 2012, UK companies are leading innovation in areas such as engine maintenance and structural technology using nanotechnology. The global demand for passenger aircraft is ever increasing and there are exciting new opportunities for space travel,…

The construction sector fared badly in the recent recession and typically has been viewed as an industry with low levels of innovation. However, with a growing population in the UK and increasing concern about the environment, it is a potential source of technological developments in the form of green and sustainable construction; improving energy efficiency…

The UK hosts world-leading centres of excellence in R&D for the automotive and motorsport sector. As well as traditional passenger cars, it also has world-class manufacturers of motorcycles, commercial vehicles and construction, agriculture and other specialist vehicles. Key focuses for R&D include ultra-low emission vehicles; lightweight vehicle structures; energy management; and intelligent mobility. The UK…