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UK MOD dropping plans for VTOL F35 |
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Sources in the MOD reveal that UK plans to purchase the VTOL F35B will be dropped this autumn in favour of the conventional take-off F35. See here for more details. |
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Australia plans on streamlining R&D Concession |
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August 11, 2009
The Rudd government will use the spring sittings of parliament to introduce a number of tax reform measures, Assistant Treasurer Nick Sherry says. See here for more details
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Carbon Trading Increases in 2009 |
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• 61 per cent rise in trading in global carbon markets during 2008
• Further expansion to come with cap & trade schemes planned in US & other countries
• 99 per cent of EU ETS futures and options exchange trading in first half of 2009 on London-based ECX
• UK is a leading investor in the Clean Development Mechanism
Trading in the rapidly expanding global carbon markets jumped 61 per cent in 2008, with the volume of carbon dioxide emissions transacted worldwide rising from 2.98 billion tonnes of CO2 to 4.81 billion tonnes.
Many Carbon reduction schemes will also qualify for the UK R&D Tax Relief scheme by dint of their innovative advances in science and technology. |
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Canadian IT Professionals group proposes tax break for IT professionals as a way of further stimulating R&D investment. Unlikely that the Canadian government will single out one sector for special treatment in this way. |
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Claiming R&D Tax Relief on Commercial Production Activities |
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Companies wishing to claim R&D tax relief on production activities (undertaken with a view to producing goods or services for supply to customers) such as prototypes or consumables that are eventually commercialised or sold should be aware that HMRC has firmed up its position to consistently reject these claims.
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