Aug 12, 2022 | HMRC, R&D, R&D Tax Credits
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 total value. This is a reasonable increase on the previous year’s estimate of 3.6%. SME R&D tax relief scheme has the...
Jul 18, 2022 | Advance Funding, R&D
You might be surprised to hear that your R&D claim means you may be able to access R&D advance funding: to borrow up to 80% of the value of your future R&D tax credit, up to 12 months before receiving payment from HMRC. In the current economic climate,...
Apr 6, 2022 | EmpowerRD News, R&D
To celebrate UK FinTech Week, we caught up with some of the EmpowerRD employees to learn more about what makes FinTech in the UK such a fascinating and dynamic industry to work in. It continues to grow from strength to strength! According to data released by Innovate...
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...
Oct 27, 2021 | HMRC, R&D, R&D Tax Credits
After a long time of unparalleled economic crisis as a result of COVID-19, chancellor Rishi Sunak, was in good spirits as he unveiled his strategy to aid the UK’s recovery. During his third budget, Sunak promised plans to pump “unprecedented funding”...
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...
