Find out about the upcoming changes on August 8th 2023 of submitting an additional information form to HMRC to support R&D tax credits claims.
Knowledge Bank
HMRC Enquiries and Compliance Checks: A Comprehensive Guide for R&D Tax Credit Claims
Understand HMRC enquiries and compliance checks for R&D tax credit claims. Learn what triggers an enquiry and how to avoid getting an enquiry.
Recycling specialist nets £250,000 in R&D Tax Credits
Discover how Green Steel, a recycling specialist secured an impressive £250,000 in Research & Development (R&D) Tax Credits.
What does not qualify for R&D tax credits?
While there is a vast amount of qualifying activity which can be claimed under the R&D scheme, there are some restrictions too. Find out what does not qualify.
Spring Statement 2023: How the changes affect R&D in your business
Find out the changes announced in the spring statement including additional support for R&D intensive businesses.
Is R&D tax deductible?
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 Credit...
HMRC R&D Tax Credit Statistics – Who Is Claiming The Most?
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...
Can I claim R&D tax credits if I’m a loss making company?
If your company has been making a loss, it’s still worthwhile making a claim for R&D tax credits. This is sometimes misunderstood with people thinking that a company needs to be profitable to benefit. In fact, applying for R&D tax credits as a loss making company might be the most beneficial way to get the most from the scheme.
R&D Tax Credits in Construction
Running a building project is never easy. In fact on many projects – builders, site managers, foreman, construction directors and draughtsman are involved in solving problems for their clients. And solving problems for their clients could mean that their company...
Spring Statement 2022: 5 Upcoming Changes to the R&D Tax Relief Scheme
The Chancellor of the Exchequer, Rishi Sunak, has set out the UK Government’s latest spending plan in the Spring Statement. Although traditionally the Spring Statement is an update on the current state of the nation’s finances as well as future expectations, this year...
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