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...
As a result of the recent Autumn Statement, the tax relief rates for the SME programme has been cut drastically by roughly 40% on average. The reason is that the SME programme has grown exponentially over the last 8 years. But HMRC believes many companies are not...
What is happening to the SME Scheme? Is the SME Scheme in Jeopardy? RDP Associates explains: The 2022 Autumn Statement announced a reduction in the effective R&D tax credit rate. Which is approximately from 25% to 16% for SMEs offsetting the R&D tax relief...
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