R&D Tax Relief: Beyond the Headlines
Recent negative coverage has led some businesses to hold off on claiming R&D tax relief, worried about the time, effort, and potential risks involved.
Reduce Your Corporation Tax with the Patent Box
The Patent Box provides tax relief by reducing the Corporation Tax rate on profits earned from patented inventions. If you’re looking to offset innovation costs in your business, read on to find out how the Patent Box can support your financial planning.
Your Questions Answered – Best Practices for Documenting R&D Activities
Feeling overwhelmed by the details required for your R&D tax relief claims? You’re not alone. We spoke with Dr David Bain, Technical Consultant at IF R&D tax credits, to get his advice on the best ways to keep thorough, HMRC-compliant records for your R&D work.
Enhanced Tax Relief for “R&D Intensive” SMEs
Details on the enhanced tax relief for R&D-intensive, loss-making SMEs under the new merged R&D tax relief scheme introduced by the Government on April 1st 2024.
R&D Tax Relief Changes: What Accountants Need to Know
Start the year with some much-needed clarity on existing and upcoming changes to R&D tax relief. With the landscape of R&D tax relief undergoing substantial changes, it’s crucial that you stay informed and prepared, as these are set to impact how you plan and claim R&D tax credits for your clients.
March Year End: It Pays to be Prepared
Read our guide for a reminder to secure your claims before the deadline and learn more about how to prepare for the upcoming changes in R&D tax incentives.
Autumn Statement R&D Tax Relief Changes
In his Autumn Budget Statement, the Chancellor announced significant updates to UK R&D Tax relief. With the landscape of R&D tax relief undergoing substantial changes, it’s crucial that you stay informed and prepared, as these are set to impact how you plan and claim your R&D tax credits.
HMRC invalidated almost half of the R&D claims made last month
Nearly half of all claims submitted since August 8th being declared invalid by HMRC, showing the need to submit accurate claims.
Further proposed changes to the R&D tax relief scheme
This week, draft legislation has been released, shedding light on the merging of the existing SME scheme and RDEC scheme into a single, unified R&D tax relief program. This new scheme is slated to be effective for accounting periods commencing on or after 1st April 2024. As of now, the main features of the proposal…
R&D Tax Credit Changes
As of August 8th, there are significant changes to the process of claiming R&D tax credits. From this date, new criteria will apply to all R&D claims, regardless of the tax year they are for. Failure to meet these requirements will result in the rejection of incomplete submissions by HMRC. Notable adjustments will be introduced…