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...
With January being a hectic month, the last thing you want to deal with is an HMRC compliance check on a client’s R&D Tax Credit claim. These checks are very time-consuming and HMRC typically requests a vast amount of information to support the claim. RDP takes...
AI is a leading-edge technology that is constantly evolving. Many companies believe that if they merely adopt the use of AI, it qualifies for R&D Tax Credits. For example, we had a company state that they researched a number of AI models and spent considerable...
As many of you know, HMRC has been increasing compliance checks of R&D Tax Relief claims. According to recent statistics, HMRC believes there is still a large group of companies filing R&D Tax Credit Claims who are non-compliant,. So these checks will not stop...
According to HMRC R&D Tax Credit statistics, roughly 90,000 companies filed R&D Tax Credit claims in 2022. Of this amount, about 78% were small and medium-sized enterprises (SMEs). Even though HMRC are carrying out an increased number of compliance checks. We...
As you know, there have been many changes to the R&D tax credit program over the past 2 years. Here are some of the common R&D questions we get from accounting firms and companies. What are the chances of having a compliance check on an R&D tax credit...
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