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Welsh firms lag behind in claiming R&D tax credits

Denise Roberts, Tax Director, Broomfield & AlexanderNew figures show that Wales is lagging behind England and Scotland when it comes to claiming valuable incentives for research and development.

Figures released by HM Revenues and Customs show that less than 5% of manufacturing and technology companies in Wales claimed Research and Development (R&D) tax credits in the financial year ending 2013.

Research and Development tax credits are...

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Finalising pension reform: what to expect now and in April 2015

Austin Broad, Technical Director, Broomfield & Alexander Wealth Management

Austin Broad, Technical Director, Broomfield & Alexander Wealth Management

The pension reform announcements in the 2014 Budget, which took everybody by surprise, have now been broadly rubber stamped and clarified with the need to now ensure that the industry is ready for the changes when they are implemented in April 2015.

While the suggested changes are radical, the Government has grasped that...

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