by A.K. Hajee | Apr 13, 2021 | UK R&D tax credits
With the number of R&D claim submissions increasing year over year and even more so with the pandemic, HMRC has hired over 100 new staff to deal with the number of R&D claims that have yet to be processed. Late last year, HMRC advised that they had averted...
by Brian Cookson | Feb 17, 2021 | Government Funding, UK R&D tax credits
The government has provided the following support measures for companies affected by the COVID-19. Here are a few of the Schemes we have commented on: Coronavirus Job Retention Scheme (CJRS)Job Support Scheme (JSS)Coronavirus Business Interruption Loan Scheme...
by A.K. Hajee | Dec 3, 2020 | R&D Tax Credits, UK R&D tax credits
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 start up, an established SME or Large company that has not...
by A.K. Hajee | Dec 3, 2020 | R&D Tax Credits, UK R&D tax credits
Recently, HMRC reported three men to the authorities that were involved in a fraudulent £29.5 million claim for R&D tax relief on a claim that had no merit and have been sentenced to a 21-year jail term. The fraud involved one company paying for services...
by A.K. Hajee | Dec 1, 2020 | UK R&D tax credits
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 no longer making profits and others yet have ended up closing. That is...
