RESEARCH AND DEVELOPMENT TAX CREDITS (R&D)
Research and Development (R&D) Tax Credits are a form of tax relief for companies that invest in innovation.
R&D RELIEF CHANGES: QUALIFYING EXPENDITURE, ADDITIONAL DISCLOSURES, AND RATE SHAKE-UPS!
Following on from our blog post back in July 2022, HMRC have posted their draft guidance for the changes coming into effect for accounting periods beginning on 1 April 2023. HMRC have widely communicated what is going to change but had not previously provided full...
R&D LEGISLATION CHANGES JULY 2022
HMRC have recently confirmed the changes to the R&D legislation, following on from the consultation results released in December 2021.
R&D CONSULTATION RESULTS
In the Spring Budget, it was announced that HMRC was going to be completing a consultation into the R&D tax credit scheme. A few items were teased at the Autumn Budget, but now the full results have been released. The changes from this consultation will take...
RESEARCH AND DEVELOPMENT TAX CREDITS STATISTICS
HMRC have recently released their R&D tax credit statistics for the 2019/20 tax year. The total value of R&D relief is now nearly £7.5 billion. This is an encouraging sign of a growing R&D sector, and of wider knowledge and use of the scheme(s). ...