Oct 14, 2021 | R&D Tax Credits
The R&D tax credit scheme was introduced to the UK in 2000 and has seen a steady growth in claimants. In 2001-02 there were less than 2000 claimants, whereas the latest figures for 2019-20 show 82,950 funded through R&D tax credits. Alongside this growth,...
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...
Aug 20, 2021 | R&D, R&D Tax Credits
Did you know you can claim money on your innovative projects in science and technology? The UK R&D tax credit scheme is a government incentive designed to stimulate scientific and technological advances through tax reliefs. Startups claim on average £53,876 and,...
Aug 6, 2021 | R&D, R&D Tax Credits
As companies grow, the services they use also need to grow with them. The same is true for R&D tax credits. We often find that the companies looking to change providers do so because they’ve outgrown their current providers. In most cases, that will be their...
Jul 29, 2021 | R&D, R&D Tax Credits
Many businesses have heard of the R&D tax credit scheme. It’s a lucrative government tax incentive, which can credit your business up to 33% of your R&D costs. Whilst there is an awareness of the scheme, some common misconceptions stop businesses from...
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.
