RDP Associates explains what’s in the Autumn Statement 2022. The SME R&D tax credit rate has been significantly reduced effective for R&D expenditures incurred after 1 April 2023. The uplift has been decreased from 130% to 86% (a surprisingly specific...
HMRC coming down hard on companies who push the boundaries When it comes to the R&D programme, there are many growing concerns regarding R&D Tax Credits. Within the UK, companies have had it easy when it comes to HMRC’s query rate of R&D Tax Credit claims...
Steps HMRC are taking There are a number of steps HMRC is taking to ensure companies are filing proper R&D tax credit claims. This ranges from preventing fraudulent claims to companies pushing boundaries as to what constitutes eligible R&D work. Digital filing...
There are significant changes coming about to the R&D tax credit programme in many areas. We have summarized these changes below as well as providing some observations. Administration, Processing and Compliance Compliance Of upmost concern to both HMRC and the UK...
HMRC Processing Times: To tackle the abuse with R&D Tax Credits, HMRC are delaying the processing times with submitting claims. This is now 40 days instead of 28 days. RDP Associates are here to help maximise your claim with ensuring nothing is left on the table....
More Importantly, What is Your Time Involvement? Most companies that we either are introduced to or approach RDP Associates (RDP) more often than not ask “What does your R&D claim process entail and how much time is required of my staff?” This is a reasonable...
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