R&D TAX RELIEF AND CLINICAL TRIALS: WHAT THERAPEUTIC COMPANIES CAN (AND CAN’T) CLAIM IN THE UK
For therapeutic companies, clinical trials are often the largest and most complex component of R&D expenditure. Yet they are also one [...]
PREPARING R&D CLAIMS: RETROSPECTIVELY VS CONTEMPORANEOUSLY – PROS AND CONS
For businesses claiming R&D tax relief in the UK, one of the key considerations is whether the claim should be prepared [...]
What Qualifies as R&D for UK Tax Relief? Why “New” or “Complex” Isn’t Enough
It’s a common assumption that if something feels new, innovative, or technically complex, it must qualify as R&D for UK tax [...]
New Merged R&D Tax Scheme
New Merged R&D Tax Expenditure Credit Scheme - FAQs What is the new Merged R&D Expenditure Credit Scheme? The Merged [...]
Autumn Statement 2023 and changes to R&D Tax Incentives
SUMMARY Overall, the government is looking to encourage investment into R&D. The introduction of a single scheme is aimed at [...]
HMRC’s guidance on how to check if your work qualifies as R&D
Key points in HMRC’s guidance On 31 October 2023, HMRC released detailed guidance on how companies can check whether their [...]
Changes to R&D Tax claims submission process
A claim for R&D Tax Relief is made in the company's corporation tax return for the period to which the [...]
WHAT TODAY’S AUTUMN STATEMENT MEANS FOR R&D TAX RELIEFS
Following concerns that the SME R&D Tax relief scheme is not delivering the anticipated benefits, the chancellor today announced an over [...]
How to prepare strong R&D Tax claims – Tips
Having been involved in numerous R&D claims, I'd like to share some basic tips/points for consideration when preparing a company's R&D claims: (i) [...]
UK R&D Tax Relief schemes– Expected changes from April 2023
Background At the Spring Budget 2021, the government launched a review of the two R&D Tax relief schemes. The government’s objectives for review were primarily [...]
Dispelling misconceptions regarding R&D Tax claims
“MYTHS ARE FUN, AS LONG AS YOU DON’T CONFUSE THEM WITH THE TRUTH.” Richard Dawkins, Biologist R&D Tax reliefs are [...]
Budget 2021 and R&D Tax claims
Today’s budget has reinforced UK’s ambitions to become the new scientific Superpower, prioritising growth and high-tech investment. As [...]
CHANGING LANDSCAPE OF SME R&D TAX CREDIT CLAIMS
BACKGROUND The R&D Tax incentives scheme was introduced in the year 2000 for Small and Medium-sized entities (SMEs). The scheme [...]
Cash flow planning and R&D Tax incentives
In these uncertain times as businesses start implementing continuity plans, cash flow planning becomes even more important. Whilst the government [...]
Are you maximising your R&D claims?
Having visited numerous companies over the recent months to discuss their R&D claims (or the potential to make one), [...]