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 qualifies for R&D tax credits for construction. The proof is often in the pudding – […]
Last month HMRC announced that its slowing down payments on several R&D tax credit claims while it focuses on combating fraud and abuse of the scheme.
R&D Tax Credits are government-backed incentives for innovative businesses with the relief often worth around a quarter of qualifying spend on R&D. A company can make a claim for R&D tax credit relief for any accounting periods ending in the past two years (24 months). Before this period ends you must submit an (R&D) tax […]
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 Sunak announced larger policies to help tackle the increased cost of living […]
The R&D tax credit scheme helps businesses save thousands of pounds every year.
Back in the 2021, Rishi Sunak announced a consultation of the R&D tax relief scheme. Here are some of the changes which were outlined.