by Adam Park | Sep 22, 2022 | Uncategorized
HMRC has recently set out its upcoming reforms to the R&D Tax Relief schemes that will form part of the next Finance Bill. Alongside some minor legislation updates to address anomalies in the schemes, the reforms as they stand will cause four major changes to the...
by Adam Park | Jun 16, 2022 | Uncategorized
Last month HMRC announced its slowing down payments on several R&D tax credit claims. This is to help focus on combating fraud and abuse of the scheme. The announcement follows recent reports that there has been an uplift in the volume of fraud in R&D tax...
by Adam Park | Apr 12, 2022 | Knowledge Bank, News
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...
by Adam Park | Mar 23, 2022 | Knowledge Bank
The research and development (R&D) tax credit scheme helps businesses save thousands of pounds every year. Companies conducting work that qualifies as research and development are eligible to claim R&D tax credits to offset their corporation tax, or get a...
by Adam Park | Mar 5, 2021 | News
As part of this years’ spring budget, Rishi Sunak announced an R&D Tax Relief Consultation. As a tax relief scheme that costs over £5 bn. a year, it makes sense to stop and check it is money well spent. Zest welcomes the consultation – R&D tax...
