Apr 15, 2021 | Government Funding
Many UK R&D tax credit claimants also claim innovation grants for the same projects. One of the most common sources of those grants is the EU’s Horizon grants framework. Since Brexit, there has been uncertainty around the UK’s continued participation in the...
Apr 14, 2021 | R&D, R&D Tax Credits
What is R&D? Research and development is an activity that seeks to create new knowledge. Within a business context, R&D will aim to create a new product, process or service; or improve an existing one. In fact, that forms part of HMRC’s definition of R&D. ...
Mar 4, 2021 | R&D Tax Credits
Rishi Sunak’s second Budget follows a year of unprecedented economic challenge as a result of the COVID-19 pandemic. An investment-led recovery, with the government supporting the scale-up of the most R&D-intensive UK businesses, was very much a part of...
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
UPDATE: This post has been superseded by our Government Funding Guide, which is regularly updated. ——- 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...
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...
