by Seun Adegboye | Jun 2, 2021 | R&D Tax Credits, UK R&D tax credits
Some R&D claimants believe that if your R&D project fails, it is not eligible for R&D Tax Credits. Well, that is just not true. In fact, if your project fails, it proves you have had a technological uncertainty, meaning you had a technical barrier that you...
by Brian Cookson | May 10, 2021 | R&D Tax Credits, UK R&D tax credits
When it comes to R&D tax credits under the SME scheme, the area of contracts and subsidies is very complicated, confusing and often misunderstood. HMRC knows this and has a current campaign to review SME R&D tax credit claims that are likely to run afoul of...
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...
