Starting from August 8th, 2023, all companies seeking R&D tax relief must complete and submit an additional information form to HMRC to support their claims. This new requirement applies to all companies and must be fulfilled before submitting the company’s...
As HMRC strengthens its compliance measures for R&D tax credit claims, understanding the process of HMRC enquiries, also known as compliance checks, is crucial for businesses relying on the R&D scheme. This blog provides comprehensive information about...
The Client Green Steel is a recycling company based in Tredegar that has successfully recovered just under £250,000 from HMRC over the past three accounting periods through research and development (R&D) tax credit claims. The company, which was founded in 2017,...
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....
