Feb 16, 2023 | EmpowerRD News, HMRC, R&D, R&D Tax Credits
An update from our Head of Tax, Jon Yeomans, on the latest changes affecting the UK’s R&D tax credit scheme. This month, topics include: Jon predicts the R&D tax credit scheme will undergo more fundamental changes in the next 18 months than the rest of...
Feb 7, 2023 | Government Funding, HMRC, R&D
Last year, a House of Lords subcommittee initiated an inquiry into the proposed R&D tax credit scheme reforms. After reviewing responses, they released their final report on 31 January. The report echoes the government’s fears of fraud and abuse, but says...
Jan 20, 2023 | HMRC, R&D Tax Credits
In response to the announcement of a simplified, single RDEC-like R&D tax credit scheme in the Autumn Statements, HMRC has initiated an 8-week consultation. On 13 January 2023, HMRC opened the 8-week consultation period, which will conclude on 13 March. This...
Jan 18, 2023 | EmpowerRD News, HMRC, R&D, R&D Tax Credits
An update from our Head of Tax, Jon Yeomans, on the latest changes affecting the UK’s R&D tax credit scheme. This month, topics include: Recapping the changes announced in the Autumn Budget 2022. The increase in compliance-related activity from HRMC. New...
Jan 17, 2023 | HMRC, R&D Tax Credits
On 22 July 2022, HMRC launched a public consultation entitled ‘Raising standards in tax advice: protecting customers claiming tax repayments’ to guarantee that all taxpayers who meet tax repayment or relief requirements get the necessary information they...
Dec 22, 2022 | HMRC, R&D Tax Credits
As anticipated, HMRC published their draft guidance on 20 December on the R&D tax credit changes affecting accounting periods beginning on or after 1 April 2023. This guidance is subject to feedback, closing on 28 February, but we expect it to remain similar to...
