R&D

Laborum incididunt in nostrud. Sint qui sint sit minim pariatur. Culpa Lorem id magna esse Lorem qui excepteur fugiat cillum sit sit et pariatur proident. Laboris in cillum sunt velit ad laboris ullamco. Occaecat eu reprehenderit in qui veniam. Non pariatur velit ad dolore ea sit dolore veniam. Ex eu occaecat officia officia pariatur cupidatat. Ad sunt sint deserunt nisi cupidatat consequat ad elit.

Should I prepare my own R&D claim?

It is no secret that many businesses will prepare their own claim for an R&D corporation tax refund. Although this can be a cost effective way to do it, there are certain factors that should be taken into consideration. We have summarised the key risks in going it alone. Management Time Putting together a robust … Read more

Categories R&D

Reseach & Development (R&D) Tax Credits Overview

What are R&D Tax Credits R&D Tax Credits are a government incentive to reward UK companies for investing in innovation. The tax credits can be worth up to 33p for every £1 of qualifying expenditure, therefore meaning they are a valuable source of cash for innovative business’ and can help fuel their growth. This is … Read more

Categories R&D

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