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...
Our website and services delivered online use cookies and other similar technologies, for example, to distinguish you from other users when you browse our websites or use our online services and to allow us to improve our online services.
