So far in 2023, we have seen a number of changes to the R&D tax credit relief programme. We thought it might be useful to summarise and share the 2023 R&D Tax Credit Rules. The environment for claiming R&D tax credits has drastically changed as HMRC now...
Are your clients taking advantage of the Patent Box regime, if not: Do you have any clients who: Earn a taxable profit in each or most years andHave, or are filing, for a Patent that was, or is being created, by their in-house R&D efforts? If the answer is yes to...
Commencing 8 August 2023, any company filing an R&D tax credit claim must access the government gateway and complete Additional R&D Information (AIF). This is an additional step to filing the R&D claim on the CT600. If the AIF is not completed, the R&D...
As mentioned in prior insights into the R&D tax credit schemes, HMRC is significantly increasing their compliance checks. If HMRC denies all or part of an R&D tax credit claim they are also required to review whether they should impose penalties. HMRC’s 5...
As a result of HMRC’s massive crackdown on R&D Tax Credit claims over the past year, companies are worried about the risk to their R&D tax credit claim. No one likes to receive an enquiry letter from HMRC and have their business under scrutiny. So, while there...
For over 35 years RDP has been continuously improving its methodology in preparing R&D tax credit claims. Nonetheless as technology and R&D tax relief rules change, so do our services and ongoing process. The Innovation Connection Program (“ICP”) is RDP’s...
