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On September 25th, RCK hosted "The Role of Tech in the Government’s Economic Strategy" Panel at Level 39 in Canary Wharf. This event not only provided attendees with a stunning bird’s-eye view of London but also offered key insights into how technology may be implemented into governmental strategy in the near future.
The discussion was presented by an esteemed panel of technology experts who provided exclusive knowledge and industry insights. The panel consisted of Lord Phillip Hammond, Simon Kanter (Consultant at Egon Zehnder), Rob Genieser (Managing partner at ETF Partners), Katie Ramsey (Head of FinTech at the Department for Business and Trade for His Majesty's Government), and Amanda Zuydervelt (a specialist in technology and business development). The panellists offered differing perspectives from various sectors, sparking interesting conversations and an interactive experience for all attendees.
The event provided a unique opportunity for attendees to network in a social setting with complimentary canapés and refreshments, whilst gaining key insights into how technology may influence the government budget in the future.
A Times-featured study, commissioned by RCK Partners and conducted by Censuswide, suggests that recent reforms to the UK's R&D tax relief scheme may have gone too far. The research found that measures introduced by HMRC to tackle abuse of the scheme are having unintended consequences for genuine innovators, with many businesses reporting that they have cancelled research initiatives, paused investment plans and reduced skilled headcount as a result of increased uncertainty surrounding the regime.
Capital allowances are the main form of UK tax relief that allows businesses and property owners to deduct the cost of qualifying capital assets from their taxable profits. Governed by the Capital Allowances Act 2001, they take the place of commercial depreciation and provide a structured mechanism for obtaining relief on capital expenditure, either upfront or over time.
Capital allowances on cars allow UK businesses to claim tax relief on the cost of vehicles used for business purposes. This guide is written by RCK Partners to help UK businesses understand capital allowance claims on vehicles.