Innovation Reliefs
22 August 2024
There have been major reforms to the rules surrounding claims for R&D tax relief in recent years, with the most significant changes being for accounting periods beginning on or after…
Innovation Reliefs
15 August 2024
The R&D advance was in the field of software/computer science/AI and the case is being held out as being of principal benefit to those companies making claims for advances in…
Innovation Reliefs
8 July 2024
The tax definition of R&D is that R&D takes place when a project seeks to achieve an advance in science or technology. The advance must be an advance in overall…
Innovation Reliefs
24 April 2024
R&D tax relief continues to serve as a powerful incentive for businesses to invest in innovation, however, successfully navigating the complexities of the R&D tax relief regime to ensure the…
Innovation Reliefs
3 April 2024
Whilst Advance Assurance is not a prerequisite for an R&D tax relief claim, if the application is accepted by HMRC, it does guarantee that the claim will be accepted by…
Innovation Reliefs
14 March 2024
In October 2023, HMRC published guidance in the form of a checklist of steps that it expects a company to take before claiming R&D tax relief. No guarantee is given…
Innovation Reliefs
2 February 2024
This article considers the new scheme, analysing its motivations, implications for different company types, and potential outcomes for those involved. The current two-scheme system (SME and RDEC) presents complexities and…
Innovation Reliefs
21 June 2023
For accounting periods beginning from 1st April 2023, companies must inform HMRC of their intention to submit an R&D claim no later than six months after the end of the…
Innovation Reliefs, Tax Dispute Resolution
8 June 2023
Whilst the R&D tax relief remains a key focus of the government’s drive to support and encourage innovation in the UK, HMRC have invested additional resources to ensure that claims…
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