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,...
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...
