Jun 15, 2022 | HMRC, R&D Tax Credits
Delays in processing R&D tax credit claims continue, with HMRC stating that standard processing times have risen from 28 days to 40 working days. Last month, we announced that HMRC would be halting payments on several R&D claims while they investigate an...
May 19, 2022 | HMRC, R&D Tax Credits
This week, the ICAEW (Institute of Chartered Accountants in England and Wales) announced that HMRC is haltering payments on several R&D tax credit claims while it focuses on combating fraud and abuse of the scheme. This is expected to cause delays to usual...
Mar 23, 2022 | EmpowerRD News, R&D, R&D Tax Credits
Against a relatively fragile economic backdrop, made all the more so by the current war in Ukraine and the ongoing cost of living squeeze, the Chancellor today set out the contents of his Spring Statement in the House of Commons. Our Head of Tax, Jon Yeomans has...
Feb 18, 2022 | R&D Tax Credits
According to HMRC’s most recent statistics, the number of startups claiming R&D tax credits increased to 76,225 in 2020, a 16% rise from 2019. The average tax credit claim size for a startup is a whopping £57,330. With the UK government committed to...
Jan 28, 2022 | R&D Tax Credits
During this period of rising energy costs, an R&D tax credit claim or a loan can generate the cash flow you need to operate at full capacity. Read our latest article to find out how. Around 15 million households saw their energy bills increase by 12% in...
Dec 6, 2021 | HMRC, R&D Tax Credits
The government has released a report documenting significant changes to the R&D tax relief scheme. The report provides further context to Chancellor Rishi Sunak’s announcement in the 2021 Autumn Budget when he said that the scheme would be altered to:...
