HMRC Are Now Requiring a New R&D Tax Credit Submission Form WHAT’S NEW? As of April 1st, 2021, all companies submitting R&D tax credit claims be it Small and Medium Size companies (SME) whether it is for a reduction of tax liability, payable credit request...
Companies That Have Not Claimed R&D Tax Credits for 2018 For those companies that are unaware of the R&D tax credit submission rules, a company may submit an R&D claim up to two years after an accounting period year-end. In a nutshell, whether you are a...
Claimants Jailed – Eyeopener for All Claimants: Is Your Current Provider Asking or Involving You in Determining Eligible R&D Projects? Recently, HMRC reported three men to the authorities that were involved in a fraudulent £29.5 million claim for R&D tax...
What We Know, Where to Focus & How R&D Tax Credits Come Into Play Regardless of what is happening with the markets worldwide, Covid-19 throughout 2020 has impacted companies of all sizes in many industries. Some companies continue to furlough staff, others are...
HMRC’s New Draft Legislation for R&D Tax Credits Under the UK R&D Tax Credit programme, R&D costs incurred for work done around the world can qualify for R&D tax relief. This is a very generous aspect of the programme but one that was subject to abuse....
Over the years HMRC have become tougher on R&D Tax Credit Claims. The R&D tax credit programme has now been in existence for about 20 years. Based on our experience in other countries like Canada, where the R&D tax credit program has been in existence for...
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