Innovation Reliefs

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…

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…

The R&D tax relief rates for R&D expenditure incurred after 1 April 2023 is changing. The changes are designed to ensure that the schemes provide better value for the UK…

The knowledge economy is a thing and the UK needs to be winning at innovation to create a successful and vibrant economy and tackle the issues of our time. Watson…

Currently, there are two R&D tax relief schemes in the U.K.; one for small and medium-sized enterprises (enterprises having a headcount of fewer than 500 employees and with either a…

I have been waiting for this day for some time, not because I have a sad life with nothing else to do, but because of my interest in the legislative…

Sadly, here at Claritas, we do not have a golden ticket (albeit we think Willy Wonka would’ve had a great R&D claim for some of the innovative chocolate manufacturing techniques…

However, there are some adjustments made in relation to Research and Development (R&D) claims which people are likely to be less familiar but that can be very beneficial. There is…

I meet with a lot of businesses that are carrying out innovative activity when dealing with claims for research and development (“R&D”) tax relief and it surprises me how few…