Research and Development (R&D) is an important activity for many businesses, providing a way to drive innovation and stay competitive in today’s fast-paced marketplace. In the UK, R&D is defined as a systematic investigation or experimentation...
In his second fiscal event as Chancellor Jeremy Hunt made several announcements to the UK research and development (R&D) tax relief scheme in the spring statement, including an increased rate of relief for SMEs, where more than 40% of their spend is on R&D....
As the deadline for tax return filing approaches, many firms may be preparing their Research and Development (R&D) Tax Relief claims for the first time. Despite some general knowledge of the process, there are various factors taxpayers should consider when filing...
Costs involved in R&D are tax deductible and there are two ways in which R&D costs can reduce a companies Corporation Tax liability. Firstly – with the usual deduction of 100% of the cost from your companies profits. In addition, the R&D Tax...
On September 29th HMRC released the latest R&D tax credit statistics for 2022. These stats confirm that innovation continues to be key to the success of UK businesses – even during the most testing time of the pandemic. The new tax credit statistics released...
