R&D update: 16 February 2023
Alex Hannaway
February 16, 2023
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
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Category: R&D Tax Credits
R&D tax relief reform consultation launched: Merged, single RDEC-like scheme proposed
Alex Hannaway
January 20, 2023
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
HMRC take an important first step in regulating the R&D tax advisory market
Alex Hannaway
January 17, 2023
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
HMRC publish draft guidance on the R&D tax credit changes beginning on or after 1 April 2023
Alex Hannaway
December 22, 2022
As anticipated, HMRC published their draft guidance on 20 December on the R&D tax credit changes affecting accounting periods beginning on or after 1 April
The UK R&D tax credit rates are changing – Download your free quick reference guide now!
Alex Hannaway
December 5, 2022
In November 2022, the Autumn Statement announced significant adjustments to UK R&D tax credit rates, which will come into effect on 1 April 2023. Because
Could you be missing out on £53,663 of R&D tax credits a year?
Alex Hannaway
November 18, 2022
According to HMRC’s most recent statistics, the number of startups claiming R&D tax credits was 78,825 in 2021, and the average tax credit claim size
Best practice for building a high-quality R&D tax credit claim
Alex Hannaway
November 4, 2022
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
EmpowerRD calls for refocusing on R&D tax relief changes
Alex Hannaway
October 7, 2022
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
HMRC R&D tax credit statistics 2022 – Benchmark your claim now!
Alex Hannaway
October 3, 2022
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
The R&D technical narrative: the final piece in the R&D tax claim jigsaw
Alex Hannaway
November 22, 2023
Since the Additional Information Form (AIF) came in last year, the inclusion of a narrative (referred to as a “technical narrative”) has now become a
Error and fraud in R&D tax relief on the rise: What you need to know
Alex Hannaway
August 12, 2022
The latest HMRC annual report and accounts document for 2021/22 estimates that error and fraud in the R&D tax relief scheme is 4.9% of the
Draft legislation published for reforms to R&D relief
Alex Hannaway
August 4, 2022
The government published draft legislation on the R&D Tax credit scheme on 20 July. The proposed legislation incorporates announcements made in 2021’s Autumn Budget, as