by Adam Park | Jul 12, 2023 | Knowledge Bank, News
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... by Adam Park | Jun 19, 2023 | Case Studies, Knowledge Bank, Recycling
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,... by Adam Park | Apr 13, 2023 | Knowledge Bank, News
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.... by Adam Park | Jan 27, 2023 | Uncategorized
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... by Adam Park | Dec 21, 2022 | Knowledge Bank
Yes — costs incurred on qualifying R&D are tax-deductible. Under UK corporation tax rules, a company can deduct 100% of its R&D expenditure from trading profits in the normal way. But R&D tax relief goes further: it also gives you a credit on top of that... 
