R&D Tax Credit programmes are vital tools used by governments to incentivise business innovation. About 34 of 38 OECD countries provide favourable tax treatments for R&D, recognising the role of innovation in trade, economic growth, and global competitiveness....
Over the past few years, there have been several significant changes to the R&D Tax Relief schemes regarding contractor fees. As a general rule, 65% of contractor fees paid to an arms-length (non-linked) company are an eligible R&D expenditure. For a linked...
This month we wrote an R&D case study on a large company setting up operations in the UK. Here we explain what we did at the start, right through to the end and what the result was. Case Study – Background A large company setting up operations in the UK...
What Counts as R&D for Tax Credit Purposes? R&D Tax Credits are a valuable government incentive designed to reward businesses for investing in developing new products and processes. However, one of the most common questions businesses ask is: What exactly...
There have been significant changes to contractor and EPW payments within the R&D Tax Credit scheme. We have summarised these changes below. Foreign Contract Payments Effective for accounting periods commencing after 1st April 2024. Companies will no longer be...
In the past 2 weeks, we have unfortunately had to inform 2 companies that they are not eligible to file an R&D Tax Credit claim for their accounting period ending 31st March 2024. This is on the basis that they were considered first-time filers. They did not file...
