HMRC’s New Draft Legislation for R&D Tax Credits Under the UK R&D Tax Credit programme, R&D costs incurred for work done around the world can qualify for R&D tax relief. This is a very generous aspect of the programme but one that was subject to abuse....
Over the years HMRC have become tougher on R&D Tax Credit Claims. The R&D tax credit programme has now been in existence for about 20 years. Based on our experience in other countries like Canada, where the R&D tax credit program has been in existence for...
However, They Do Not Have Technology Professionals For Maximising R&D Tax Relief Claiming R&D tax relief requires a set of specific scientific and technological skills rather than number crunching activities to maximise claims. Most companies have firms that...
Choosing an R&D Provider the right way! 1. Assess your present adviser’s experience of the tax industry So, the starting point is to determine a tax adviser’s tax qualifications and experience. Are they chartered tax advisers? Does a “specialist” service provider...
That Innovation is a Criterion for Claiming R&D Tax Relief? If So, Hire a New Provider Most companies are now aware that Research and Development (R&D) tax credits are a government sponsored programme designed to reward UK companies for investing in...
When the Research and Development tax credit programme was first made available to taxpayers, companies were unable to claim a payable cash credit if they had not paid any PAYE and NIC. In other words, if a company did not have any salaried employees and were...
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