Nov 17, 2022 | R&D Tax Credits, Uncategorised
Chancellor Jeremy Hunt’s Autumn Statement proposed a plan to address the cost of living crisis and repair the UK economy, with a stated focus on stability, growth and public services. While both deep spending cuts and tax rises were announced, he also openly declared...
Nov 4, 2022 | Best practices, R&D Tax Credits
While a compliant R&D tax credit claim should be the norm, recent years have seen an uptick in error and fraud. In response, HMRC has enacted a series of reforms. Some of these are already in effect, with more expected in 2023. In light of this, it’s more...
Oct 18, 2022 | HMRC, R&D Tax Credits
Yesterday, Jeremy Hunt, the new chancellor, scrapped most of September’s mini-budget tax measures prior to the full announcement of the Autumn Statement on 17th November. To make it easier for you to understand how these changes will affect your R&D tax...
Oct 7, 2022 | EmpowerRD News, HMRC, R&D Tax Credits
In our feedback to the draft legislation published on 20 July 2022, we have identified the measures that we think will impede R&D activity and potential growth in the UK. The first relates to the proposal to refocus qualifying R&D expenditure for...
Oct 3, 2022 | HMRC, R&D, R&D Tax Credits
On September 29 HMRC released the latest official R&D tax credit statistics 2022. They confirm that innovation continues to be key to the success of UK businesses – even during the most testing time of the pandemic. At EmpowerRD, the updated statistics are...
Sep 28, 2022 | HMRC, R&D Tax Credits
HMRC has issued letters to around 2,000 first-time R&D tax credit claimants, reminding them of their responsibility for the accuracy of their claims. Why is HMRC sending out these letters? In recent years, there has been an increase in error and fraud related to...
