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...
As members of the HMRC R&D Tax Credit Stakeholder Group, we participate in regular meetings with HMRC. In our last meeting, HMRC outlined some common areas where companies err in filing R&D Tax Credit claims. Especially the information included in the...
Due to the numerous recent changes to the R&D Tax Credit programme. We’ve received many questions regarding preparing your 2025 R&D Tax Credit claims. Here is a summary of the key changes: Merged R&D Scheme (RDEC): The new merged R&D Tax Credit...
Most companies are now aware that HMRC can issue penalties when it comes to R&D Tax Credit claim submissions deemed non-compliant. Companies filing R&D Tax Credit claims may be unaware they are non-compliant. Which has resulted in HMRC increasing compliance...
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