As the R&D Tax Credit programme continues to evolve and HMRC continues to tighten the rules of eligibility, I would ask you to consider “what questions should I expect if HMRC decides to review my R&D claim?” Has a company been advised incorrectly If a company...
The UK’s research and development (R&D) Tax Credit landscape underwent a seismic shift in April 2023 when the government decreased the uplift under the SME scheme for one year. Then, they subsequently merged the separate SME and Large Company schemes into a...
The newly merged scheme came into effect on 1st April 2024 and applies to all accounting periods beginning on or after this date. For a lot of companies, this did not apply until 2025. For example, a company with a December year-end would continue to claim under the...
According to HMRC, here’s an overview of the R&D Tax Credit statistics for the 2023-2024 tax year: Estimated Total R&D Tax Relief Claimed £7.6 billion, reflecting a 2% decrease from the previous year. Tax Relief Claimed Through the SME Scheme and RDEC Total...
There have been many changes to the R&D Tax Credit programme over the past 3 years. Below, we set out 3 topics that statistically are of the most interest to our readers. Which include R&D documentation, eligibility and the merged scheme. The topics are: What...
This is an ongoing question that many companies ask when they approach RDP Associates, and the answer continues to evolve. The main reason is that HMRC’s guidance on Research and Development (R&D) Tax Relief has become more stringent over the past 2 to...
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