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...
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...
