When it comes to capturing costs against a qualifying R&D project, there are many misconceptions about the types of costs that can be included. After all, if a cost is necessary in carrying out the R&D it must surely qualify for the relief, right?...
RDP recently attended an HMRC Agent briefing, which gave some useful insights into the current state of play on the R&D tax credit programme and on certain areas of concern.Briefly, taxpayers are now more aware of this government-sponsored programme as there has...
R&D tax relief is expanding rapidly with the number of claims made by companies increasing 20% year on year. In recent years, it has been very common for director shareholders to remunerate themselves with a low salary to maintain their National Insurance record...
The following piece was originally published in BQLive Magazine Whether it’s the first time or the fifth time your company has submitted an R&D tax credit claim, rather than receiving your cheque from HMRC, you might get a wordy letter.It goes something like...
The following piece was originally published in UMi Over the last several years in the UK, the research and development (R&D) tax credit programme has gained popularity and the number of claim submissions continues to increase year on year. The programme is...
So, you’ve filed a claim for R&D Tax Relief and patiently waited for HMRC to issue your tax credit refunds. Then you receive a response from HMRC with the following: “The BIS Guidelines refer to an advance in science or technology as an advance in overall...
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