Jan 20, 2021 | HMRC, R&D Tax Credits
In November the Auditor General concluded his audit of HMRC. The resulting report has numerous recommendations across all aspects of HMRC’s service delivery, but it has particularly notable recommendations for the R&D tax credit scheme. HMRC are now...
Nov 24, 2020 | HMRC, R&D Tax Credits
The government recently released reports detailing the benefits of the RDEC and SME schemes to the broader UK economy. The reports were independently generated and were part of the government’s commitment to auditing its state-aid policies. In all, they...
Nov 13, 2020 | R&D Tax Credits
The government has announced changes to the rules for R&D tax credits for SMEs in a bid to target perceived fraudulent claims from businesses. For all claims having accounting periods beginning on or after 1st April 2021, there will now be a cap set at 300% of...
Oct 10, 2020 | Coronavirus, R&D Tax Credits
The Times, Business Owners’ Checklist EmpowerRD featured in The Times, Business Owners’ Checklist special on companies helping businesses through the unprecedented economic challenges caused by Covid-19. At EmpowerRD our mission is to ensure that...
Sep 16, 2020 | R&D Tax Credits
The government is seeking views from R&D tax relief claimants and other stakeholders on the scope of costs eligible for tax credits. To ensure credits remain well-targeted and reflect modern R&D processes, HM Treasury has launched a consultation to determine...
Jun 18, 2020 | Coronavirus, Government Funding
Many of our clients have been asking us for advice on the various government funding options available to them during the downturn. This post collates that advice and provides resources for how to access the various schemes. Future Fund This scheme sees the government...
Jun 9, 2020 | Coronavirus, HMRC, R&D Tax Credits
HMRC had indicated in previous communications that they would change certain aspects of the R&D claims process to ensure that businesses in need of funds were able to receive them promptly. They allowed for more leniency on two criteria for claims such as the...
Jun 9, 2020 | Advanced Funding, Coronavirus, R&D Tax Credits
The global slowdown caused by the spread of COVID-19 is resulting in unprecedented levels of uncertainty amongst the business community. Funding rounds have been postponed, businesses are reporting an increase in missed invoice payments, and staff are adjusting to a...
