Sep 28, 2023 | HMRC, R&D Tax Credits
In the wake of economic challenges, HMRC’s recent release on R&D tax credits for the tax year 2021-2022 offers a hopeful narrative on UK businesses’ resilience and innovative spirit. Especially compared to last year’s stats. A resounding rebound...
Jul 24, 2023 | finance ops, HMRC
Handling taxes is a crucial aspect of running a business, but navigating the complexities of tax regulations can be overwhelming, especially for small businesses. The UK’s tax authority, HMRC, plays a central role in overseeing tax compliance and collection....
Jul 11, 2023 | HMRC, R&D Tax Credits, Uncategorised
This week, we had a coffee chat with our founder, Hari, to discuss the present and future of R&D tax relief. Hari shares insights on the evolving R&D tax relief landscape, the impact of the new Additional Information Form, EmpowerRD’s proactive approach...
Jun 9, 2023 | HMRC, R&D Tax Credits
August 2023 – The deadline for your R&D tax credit claim is approaching The August 2023 deadline for submitting your amended CT600 (Corporation Tax return) is fast approaching, but you’ve got it covered. You’ve worked with the tech team to bring...
Apr 25, 2023 | HMRC, R&D Tax Credits
In April 2023, the R&D tax relief scheme experienced a range of reforms, including adjustments to R&D tax rates, as well as the addition of new qualifying costs. And more developments are on the way, with HMRC releasing further guidance on the new additional...
Apr 17, 2023 | HMRC, R&D Tax Credits
As HMRC continues to tighten up compliance measures for R&D tax credit claims, the number of enquiries is increasing significantly. If your company claims tax relief via the R&D scheme, you need to be aware of what they are and how to proactively mitigate the...
