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 18, 2023 | R&D, R&D Tax Credits
Yesterday, HMRC released the Annual Report and Accounts for 2022-23, which unveiled concerning trends of suspected “fraud and error” related to R&D Tax Credit schemes. At EmpowerRD, we have examined the report to offer crucial insights into...
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...
Jul 10, 2023 | 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 are, on average, £53,663...
Jun 22, 2023 | Innovation, R&D Tax Credits
More than ever, record-keeping is crucial when claiming R&D tax relief. Failing to document R&D activities properly may cause eligible costs to be overlooked or expenses to be reported inaccurately. This could lead to an undervalued claim or an enquiry from...
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...
