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...
For the next couple of years, we expect HMRC will be tough on companies filing R&D Tax Credit claims. Every year in the UK, about 90,000 companies are applying to the R&D tax relief programme. Of which SMEs take up 82,000 of these. Many companies are under the...
While HMRC continues its crack down on R&D tax credit claims by significantly increasing compliance checks, additional changes to the R&D Tax Relief Programme were announced in the 2023 Spring Budget.. So, let’s see what the key changes to the programme look...
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