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...
Effective August 2023, any company filing an R&D Tax Credit claim on their CT600 must first file Additional Information through the government portal. The Additional Information being sought includes a description of how each R&D project meets the eligibility...
The R&D tax credit scheme has basically been overhauled. How the programme will be administered in the future will be quite different from what accounting firms and claimants experienced since the programme’s inception. We have highlighted the main changes to the...
As many of you have now heard, HMRC is stepping up their compliance checks of R&D tax credit claims but are you 100% confident your R&D tax credit claim qualifies? HMRC told the House of Commons that they believe 50% of all R&D tax credit claims, or over...
Autumn Statement 2023 The Autumn Statement 2023 announced some changes to the R&D Tax Credit programme for 2024. RDP have put together a summary of what companies can expect for their R&D Tax Credit submissions from April 2024. Merging RDEC and SME HMRC and...
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