Good News for SMEs- 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. Companies outside the UK, with no real business...
Is HMRC Getting 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 35 years, one can better predict what is coming. Generally the first...
Companies Specialising In Numbers Are Good; However, They Do Not Have Technology Professionals For Maximising R&D Tax Relief
Claiming R&D tax relief requires a set of specific scientific and technological skills rather than number crunching activities to maximise claims. Most companies have firms that strictly focus on tax and audit services. And often times, companies believe that...
3 Key Areas To Consider Before Choosing Your R&D Tax Credit Adviser
1. Assess your present adviser’s experience of the tax industry The starting point is to determine a tax adviser’s tax qualifications and experience. Are they chartered tax advisers? Does a “specialist” service provider ask you what you believe is eligible? Does the...
