Sep 7, 2021 | HMRC, R&D, R&D Tax Credits
Why are HMRC enquiries surging? Over recent months HMRC enquiries into R&D Tax Credit claims have surged but what has prompted the spike and what does it mean for businesses making R&D claims? There is a major discrepancy between the R&D spend reported in...
Jun 21, 2021 | HMRC, R&D, R&D Tax Credits
Using the latest HMRC R&D statistics alongside data from the EmpowerRD claiming platform, we look at the claiming landscape for venture backed businesses in the UK.
Mar 4, 2021 | HMRC, 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 13, 2020 | HMRC, 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...
Apr 30, 2021 | HMRC, R&D Tax Credits
In Budget 2021 Chancellor Rishi Sunak announced plans for a broad review of the R&D tax credit scheme. A consultation was launched, seeking views on all elements of the scheme, to ensure that R&D tax relief remains up-to-date, competitive, and well-targeted. ...
