R&D news from EmpowerRD

News & perspectives on the UK’s R&D tax credit scheme

 

LATEST NEWS

R&D tax relief reform consultation launched: Merged, single RDEC-like scheme proposed

20 January 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.
Full story >>

Spotlight: Autumn Statement ’22

5 essential takeaways from the 2022 Autumn Statement

What the 2022 Autumn Statement means for your future R&D tax claims, in 5 easy-to-understand points.

2022 Autumn Statement Debrief: On-Demand Video

Our Heads of Tax and Client Success dig into the detail of what the Autumn Statement means for the SME & RDEC R&D tax credit schemes.

Upcoming R&D scheme changes: Quick-reference guide

Understand how the value of your future R&D tax credit claims will change as a result of the 2022 Autumn Statement.

News

R&D tax relief reform consultation launched: Merged, single RDEC-like scheme proposed

20 January 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.
Full story >>

EmpowerRD’s R&D update – January 2023

18 January 2023
An update from our Head of Tax Jon Yeomans on the latest changes affecting the UK’s R&D tax credit scheme.
Watch the video >>

HMRC take an important first step in regulating the R&D tax advisory market

17 January 2023
Following the consultation, HMRC outlined a series of steps. The most critical one for the R&D tax advisor market to note is HMRC’s decision to introduce a consistent registration requirement for repayment agents. Here’s what you need to know.
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EmpowerRD’s predictions for R&D in 2023

3 January 2023
With major changes on the horizon, 2023 marks a pivotal moment for the UK’s R&D tax relief scheme. Here’s our take on the year that was and what we expect in 2023.
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HMRC publish draft guidance on the R&D tax credit changes beginning on or after 1 April 2023

22 December 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As anticipated, HMRC published their draft guidance on 20 December on the R&D tax credit changes affecting accounting periods beginning on or after 1 April 2023. This guidance is subject to feedback, closing on 28 February.
Full story >>

The UK R&D tax credit rates are changing – Download your free quick reference guide now!

5 December 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 these changes are likely to impact your company’s future R&D tax credit claims, it’s important you understand exactly what is changing.
Full story >>

Letter to House of Lords provides further insight into R&D anti-fraud measures from HMRC

29 November 2022
In a letter to the House of Lords Finance Bill Sub-Committee, Victoria Atkins MP explains why anti-fraud measures have been taken so seriously by HMRC, and outlines several preventative measures they’ve taken. Here are five of the most important.
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3 takeaways from The Business Show 2022

29 November 2022
On 16-17 November, EmpowerRD exhibited at The Business Show, and it did not disappoint. With hundreds of companies in attendance, we had the chance to meet and chat with some of the UK’s most innovative businesses. Here are our three key takeaways from the show.
Full story >>

Impact of Autumn Statement ’22 on R&D tax credits: 5 essentials

17 November 2022
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.
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Best practice for building a high-quality R&D tax credit claim

4 November 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 enacted a series of reforms. Some of these are already in effect, with more expected in 2023.
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U-turn on mini-budget: How will it affect my R&D tax credit claim?

18 October 2022
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 17 November.
Full story >>

EmpowerRD calls for refocusing on R&D tax relief changes

7 October 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 potential growth in the UK.
Full story >>

HMRC R&D tax credit statistics 2022 – Benchmark your claim now!

3 October 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 UK businesses – even during the most testing time of the pandemic.
Full story >>