R&D Tax Credits blogs

RDP Associates talks about many R&D topics in our R&D Tax Credit blogs. We talk about updates, changes and fraudulent cases. Stay up to date with anything within the R&D programme by subscribing to our mailing list.

R&D Tax Credit Statistics

R&D Tax Credit Statistics

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...

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Changes to the 2024 R&D Tax Credit Scheme

The R&D tax credit scheme has basically been overhauled. How the programme will be administered in the future will be quite different from what accounting firms and claimants experienced since the programme’s inception. We have highlighted the main changes to the...

Round up of the 2023 R&D Tax Credit Rules

So far in 2023, we have seen a number of changes to the R&D tax credit relief programme. We thought it might be useful to summarise and share the 2023 R&D Tax Credit Rules. The environment for claiming R&D tax credits has drastically changed as HMRC now...

R&D Tax Credit Fraud and Error

Recently, the Chief Executive of HMRC was under pressure from the House of Commons Treasury Committee surrounding R&D Tax Credit fraud and error. He was asked to explain how R&D Tax Credit fraud and error had all of a sudden increased from £336 million to...

Tackling Abuse and Improving Compliance

There are a number of steps HMRC is taking to ensure companies are filing proper R&D tax credit claims. This ranges from preventing fraudulent claims to companies pushing boundaries as to what constitutes eligible R&D work. Digital filing All claims to...

R&D and Green, Green, Green!

Greener energy is any energy type that is generated from natural resources, such as wind, sunlight, or water. One of the key points with these energy resources are that they don’t harm the environment, through elements such as releasing greenhouse gases into the...

R&D Tax Incentive

What is Your R&D Tax Incentive in Hiring an R&D Tax Credit Specialist? When it comes to any company looking for an R&D tax incentive, how many times in a given week are they getting phone calls from multiple R&D tax credit specialists making mention...

Do R&D tax credits apply to you?

Start Ups and Young SMEs Most companies in the UK are claiming Research and Development Tax Credits. However, RDP Associates continues to come across many recently incorporated SMEs and start-ups. Who either may not know about the R&D Tax Credit programme and/or...

R&D Tax Credits – Are You at Risk?

Are you at risk? Well 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...

Culture of Research & Development

How to Promote the Culture of Research & Development (R&D) in Your Company The process of R&D, which includes technological advancements and improvements, involves finding new growth opportunities for your company. Today's business environment is...

HMRC Enquiry?

Ensure You Have These Questions Answered in Advance Are you worried about an HMRC enquiry? 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...

The Case For Working With An R&D Specialist

While The Programme Continues To Evolve HMRC recently reported that approximately 15%-20% of R&D claim submissions were submitted without the support of an R&D Specialist. Working with a tax credit speciality firm, such as RDP Associates can save you time and...

Coronavirus Government Support

How Will Coronavirus Government Support Affect Your R&D Tax Credit Claim? 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...

Accountants: Proactive or Reactive

Are You Proactive or Reactive With Your Clients Regarding R&D Tax Credits? For all small and medium sized accounting firms, how confident are you that your clients and/or the R&D tax credit providers you are working with are claiming all eligible projects,...

Food & Beverage Companies

Here Are 3 Activities That Qualify For R&D Tax Relief If You Are Still Not Claiming Despite the Government’s efforts to encourage innovation through R&D tax credits, many food and beverage companies hesitate to claim. Those food and beverage taxpayers new to...

Brexit 2021, Another Lockdown

New Funding Support and What To Do Britain has now officially left the EU. Changes involving trade are just one of the many areas that businesses will have to adjust to, in addition to dealing with the current Pandemic. We mentioned late last year that a 3rd lockdown...

December Year-End: Time is Running Out!

Companies That Have Not Claimed R&D Tax Credits for 2018 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...

Fraudulent R&D Claim Submission

Claimants Jailed - Eyeopener for All Claimants: Is Your Current Provider Asking or Involving You in Determining Eligible R&D Projects? Recently, HMRC reported three men to the authorities that were involved in a fraudulent £29.5 million claim for R&D tax...

Post-Lockdown

What We Know, Where to Focus & How R&D Tax Credits Come Into Play 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...

Good News for SMEs

HMRC’s New Draft Legislation for R&D Tax Credits Under the UK R&D Tax Credit programme, R&D costs incurred for work done around the world can qualify for R&D tax relief. This is a very generous aspect of the programme but one that was subject to abuse....

Have You Been Advised

That Innovation is a Criterion for Claiming R&D Tax Relief? If So, Hire a New Provider Most companies are now aware that Research and Development (R&D) tax credits are a government sponsored programme designed to reward UK companies for investing in...

Perspectives on R&D Tax Claims

You don’t know what you don’t know With the continuous increase in the number of companies that do R&D tax claims, there are still many businesses that don’t effectively leverage their tax credit.An example of this is a multi-site restaurant in the UK that...

How to Leverage UK Small Business Grants

Navigating the landscape for R&D grant funding can seem like a daunting task. Companies seeking small business grants for support to grow and innovate can potentially access millions of pounds in government subsidies, but must go through layers of programming to...

How to Prepare for R&D Tax Credit Relief

Research and Development (R&D) tax credit relief by the Government of the United Kingdom is becoming increasingly popular among UK businesses as more companies explore its benefits. However, there are many businesses that, due to a lack of expertise in R&D tax...