The Chancellor announced in the UK autumn budget, that the R&D Tax Relief rates will remain the same. After roughly two years of many R&D relief rate changes, along with a new merged scheme. A new scheme for high-intensity R&D SMEs, and changes to eligible...
According to HMRC, the following is a summary of R&D Tax Credit filing statistics for 2022-2023. The provisional estimated amount of total R&D Tax relief support claimed for the tax year 2022 to 2023 was £7.5 billion. An increase of 1% from the previous year....
Industries that could qualify for R&D Tax Credits As we all know technology is constantly evolving. However, it is sometimes overlooked that evolving technology affects every industry. Most people think of tech and manufacturing companies when it comes to which...
In 2019, we prepared a piece on how does the UK compare with neighbouring countries regarding R&D Tax Credit programmes. The landscape has changed considerably since then, so we thought we would update this information piece. Very roughly 32 of 38 OECD countries...
The environment has changed substantially when it comes to the the new R&D regime. As most companies and accountants that are involved with filing R&D Tax Credits are aware. Yes, there have been many changes including changes to the R&D tax credit rate for...
The 2024 Spring Budget was announced last week and as we reported in earlier emails, the R&D tax credit programme has undergone a significant number of changes in the past 2 years. These changes were precipitated by HMRC’s view that nearly 50% of all R&D tax...
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