Advice

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Changes to R&D rates for SMEs

The amount of R&D Tax Relief that applies to qualifying expenditure has changed since the 1st of April 2023. In summary, the rates of relief available through the SME R&D Tax Relief scheme have reduced, whilst the amount of relief available through the large company Research and Development Expenditure Credit (RDEC), has increased. The SME … Read more

The R&D Tax Credits regime has changed as of August 2023

The R&D Tax Credits regime has changed as of August 2023 and it is important that companies looking to claim are aware of how this will impact them. For all claims submitted on or after August 2023, an additional information form must first be submitted, with the aim to provide HMRC with details of the … Read more

How small businesses can take advantage of R&D tax credits

If you’re a small business looking to innovate, you might feel like you’re about to embark on a high-stakes mission, like launching a rocket…or maybe just figuring out how to file taxes. But hey, what if we told you that your small business’s next R&D project could actually pay you back? Enter: R&D tax credits. … Read more

Don’t let HMRC’s red tape cost your R&D claim

HMRC has thrown yet another curveball at businesses claiming R&D tax relief. Enter the Advance Notification Form (ANF)—a new bureaucratic hurdle that could make or break your claim. If you miss it, your claim is out, no matter how innovative your work is. With these ever-changing rules, businesses could unknowingly fall through the cracks, losing … Read more