“Exciting times” and “Research and Development Tax Relief” are not usually terms you will see used together but this is what we are heading towards. Researc
Read MoreHMRC has paused some R&D tax credit payments while it investigates some irregular claims. It hasn’t given much further information apart from to highlight
Read MoreThere are a number of steps which must be taken when compiling a robust R&D claim. Some of these can be automated to a degree but there is no software currently
Read MoreCurrently, there is no requirement to provide supporting documentation when making a claim for R&D tax relief – it is advisable to do so though. New legisla
Read MoreIt’s very difficult to give examples of HMRC approved R&D activity as HMRC do not check most R&D claims so even those which seem to have been ‘a
Read MoreIt’s very difficult to give examples of HMRC approved R&D activity as HMRC do not check most R&D claims so even those which seem to have been ‘a
Read MoreIn the UK, there are currently two R&D tax relief schemes – SME (Small & Medium Enterprise) and RDEC (Research and Development Expenditure Credit). Usuall
Read MoreWe already knew that quite a few exciting things were going to be happening in the world of R&D tax relief. HMRC has been talking for a while about the reform
Read MoreCompanies don’t qualify for R&D tax relief. It is the activities and costs within a specific accounting period which can qualify for R&D tax relief. Thi
Read MoreResearch and development has been stated as being ….. “activities that companies undertake to innovate and introduce new products and services” “when busine
Read MoreWe often hear from companies that they don’t believe they are eligible to claim R&D tax relief as, for the majority of their work, they are acting as subcontr
Read MoreWell, the simple answer is “it depends”. Some accountancy firms employ specialist staff to help their clients submit claims for R&D tax relief so, in that c
Read MoreR&D claims for software development are one of the more complex areas when it comes to R&D tax relief as the sector moves really quickly. What might be co
Read MoreWhat does an R&D consultancy firm actually do? An R&D consultancy firm should first ensure that the projects undertaken by a company meet the criteria for
Read MoreWhat is an enquiry? We’ve mentioned before that HMRC does not check all R&D claims. However, it will investigate some to ensure that the claim and correspon
Read MoreWhen deciding on a consultancy firm to assist with your R&D tax credits claims, it can be very difficult to tell the good from the bad. Whilst there are a numbe
Read MoreThere are two R&D tax relief schemes – SME and RDEC. SME R&D tax relief offers a much more generous benefit than RDEC but a company cannot choose which
Read MoreHMRC has announced that from April 2023 several significant changes will be introduced to the R&D tax relief schemes. We are currently waiting for it to release
Read MorePayable Tax Credits are one of the benefits of an R&D claim which surrenders losses to create a payable amount to the company from HMRC. Many R&D consulta
Read MoreThere were a few R&D related points announced in the Autumn Budget. These and our thoughts on them can be found below: “To ensure the R&D tax reliefs co
Read MoreWe recently ran the numbers and 50% of the prospects we speak to are not eligible for Research and Development Tax relief. It’s easy to see these calls as a was
Read MoreIn the 2018 budget the government announced a cap on payable tax credits* of 300% of a company’s PAYE/NIC liabilities as an anti-fraud measure and a way to preven
Read MoreThe September 2020 Research and Development Tax Credit Statistics have just been released. There is a lot of data which can be reviewed here but HMRC have listed
Read MoreThis week we ran a webinar on R&D Tax Relief, the rules and the dangers. You can find it here: https://vimeo.com/436058857/224bb566e9
Read MoreWhile we cannot guess what the long term effects to the business will be, at the moment, we are not seeing too much disruption. All employees are working from hom
Read MoreThe budget earlier this month held some good, though not unexpected, news for those claiming R&D tax relief. The proposed increase to the RDEC rate will go ahea
Read MoreA few months ago, we moved to a 4-day working week for all full-time staff. This was not about compressed hours or a drop in salary but an extra day off a week as
Read MoreEvery Autumn, Research and Development Tax Relief statistics are released. These can be quite dry reading but do give some useful insights into the number and val
Read MoreThe simple answer to this is that, even though a claim for R&D Tax Credits would generally be filed by your accountant as part of your annual tax return, your a
Read MoreR&D Consulting are proud to be sponsoring the 2018 DevelopHer awards. The awards are designed as recognition of the contribution women are making in this indu
Read MoreThe main risk of submitting an R&D claim is that HMRC could open an enquiry. This doesn’t mean that they have rejected your claim, just that they have some
Read MoreExciting times for Research and Development Tax Relief - Jun 10, 2022 |
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Can you automate an R&D claim? - May 12, 2022 |
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How to create supporting documentation for an R&D claim - Apr 28, 2022 |
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More Examples of R&D Activity in the Construction Industry - Apr 08, 2022 |
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Examples of R&D Activity in the Construction Industry - Apr 07, 2022 |
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