Chris qualified as a chartered tax adviser whilst at KPMG. There he specialised in the UK taxation of global insurance companies. After six years at the firm, he made the switch to ForrestBrown where he focuses his expertise on helping innovative companies benefit from the UK R&D tax incentive. With his understanding of the insurance world, Chris takes a particular interest in the innovation behind Fintech.
Some types of reimbursed expenses can be included in research and development (R&D) tax credit claims. The specific types have recently been clarified by HMRC. The guidance on this subject has been revised several times over the last few years: expenses have been in, out and somewhere in between. A special provision has now been granted for retrospectively amending claims that omitted expenses due to previous HMRC guidance.
Since the 2008 financial crisis, regulations imposed on financial services businesses have become more burdensome. The financial crisis demonstrated the paramount importance of strong regulation and financial stability.
The UK defence industry is a formidable part of our economy. As part of the wider aerospace, defence, security and space sector it contributes to a £65 billion turnover, £35 billion of exports, 340k direct jobs and 10.4k apprentices.