R&D Tax Credits

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R&D Tax Credits

R&D Tax Credits for Successful Software Claims: Lessons from Recent UK Tax Tribunal Cases

Analysis of two recent Tribunal claims on R&D tax credits to determine why one succeeded and one failed - both provide important clues for the preparation of successful R&D tax claims

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R&D Tax Credits

R&D Tax Credits HMRC Enquiry into Software Development: Lessons from a Tribunal Case

In the ever-evolving landscape of software development, R&D tax credits can be a crucial lifeline for innovative tech companies. However, navigating increasingly common HMRC enquiries into these claims can be challenging. A recent tribunal case, Get Onbord Limited (GOL) v HMRC, offers valuable insights for software development firms

R&D Tax Credits Featured

R&D Tax Credits for Software Development: A Comprehensive Guide for UK Innovators

Introduction: Fueling Innovation in the UK's Digital Economy In today's rapidly evolving digital landscape, software development is the cornerstone of innovation across multiple industries. From cybersecurity and fintech to artificial intelligence and quantum computing, software drives the UK's most exciting technological advancements. Recognising this

R&D Tax Credits

Embracing AI in R&D Documentation: A New Era is Coming

Recent HMRC Guidance in preparing R&D tax credit claims included some useful information on how companies should aim to document their R&D projects - perhaps AI holds the key...

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R&D Tax Credits

HMRC's New Guidelines for R&D Tax Credit Claims: What You Need to Know (Video)

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R&D Tax Credits

New HMRC Guidance on R&D Tax Credits

R&D Tax Credits

HMRC R&D Tax Credits Statistics (2021-2022): What You Need to Know

HMRC latest statistics for the UK R&D Tax Relief were released on 28 September 2023 relating to claims submitted in 2021-2022. Here we share a summary of the key points.

R&D Tax Credits

Understanding the New HMRC Requirements for R&D Tax Credits (2023)

The introduction of the AIF is a crucial change in the R&D tax credits application process. Without this form, your claim will not be considered valid by HMRC.

R&D Tax Credits

R&D Tax Credit HMRC Enquiry (successfully defended)

HMRC is increasingly challenging R&D tax credit claims. Here we explore a recent successful defence of a sizeable claim on behalf of a UK Fintech company.

R&D Tax Credits

R&D Tax Credits in Crisis - The State of R&D Tax Credit Relief in the UK: Challenges & Opportunities

Here in this video we cover the R&D tax relief and its current status as HMRC ramps up formal enquiries and challenges.

R&D Tax Credits

R&D Tax Credit Claims for Software Development Companies Under Attack from HMRC

We are currently witnessing a sea-change in HMRC's approach to reviewing and processing R&D tax credit claims, with software development companies in particular being subject to HMRC enquiry.

R&D Tax Credits

R&D Tax Credits - Summary of New Rules from 1 April 2023 Onwards

With so much change happening in the field of R&D tax credits relief, we have put together a useful summary timeline of changes and new rules that are currently on the horizon

R&D Tax Credits

R&D tax credits: Claim now or wait for future relief at 25%?

For many years, the default option for the majority of SMEs has been to claim the R&D tax credit rebate rather than wait for potentially higher relief - will the new 25% corporation tax rate make a difference?

SEIS / EIS

Tax Incentives for Startups and SMEs (Webinar for World IP Day)

Overview of current government tax reliefs available for ambitious growing UK company including S-EIS, R&D tax credits, Patent Box, EMI share options

R&D Tax Credits

R&D Tax Credits: New Form required from 6 April 2021 (CT600L)

HM Revenue & Customs has introduced a further form that all companies must now complete and file when claiming either the R&D tax credit relief

R&D Tax Credits

PAYE Cap: New Rules for SME R&D Tax Credits

A new PAYE cap will be introduced in 2021 to limit payable SME R&D tax credits to £20,000 plus 300% of the company's total PAYE & NIC liability for the period

R&D Tax Credits

HMRC R&D Tax Credits Claim Statistics (2018-19)

Every year, HM Revenue & Customs releases statistics that it maintains on the overall make-up of R&D tax credit claims by number and size of claims, regions and industries. Here we analyse the figures for 2018-19

R&D Tax Credits

R&D Tax Credits & COVID-19: Impact of CJRS and Furlough

On 10 September 2020, HMRC issued their view on how the R&D tax credit relief will be applied to furloughed employees under the Coronavirus Job Retention Scheme (CJRS)

R&D Tax Credits

What software development qualifies for R&D tax credits?

Software development companies can benefit from the UK Government's R&D tax credit relief incentive but it is often unclear exactly what software activities qualify for R&D tax relief - we explain here

Innovation

10 benefits of embedding innovation into your workplace

Although helping companies navigate and claim R&D tax credits is a core service that we provide, the largest and most robust claims leave clues (hint: its in the culture of innovation within the business)

R&D Tax Credits

Staffing Costs: Common pitfalls for R&D tax credits

Staffing cost are a key cost for many companies claiming R&D tax credits. But there can be some pitfalls and traps for the unwary...

Video Games Tax Relief

Video Games Tax Relief or R&D Tax Credits - Which can I claim?

Video Games Development companies can benefit from either the Video Games Tax Relief (VGTR) or the R&D tax credit - but the decision which to choose is not quite so straightforward...

R&D Tax Credits

How do you claim R&D tax credits?

The R&D tax credit scheme is a key driver of innovation funding amongst UK businesses. It is administered by HMRC and is claimed by companies via your company tax return. It is important that you also include the supporting documentation that HMRC expect to see...

R&D Tax Credits

Impact of Dividend v Salary on R&D Tax Credits for a Director

A common problem for R&D tax credit claims is where a director shareholder (who is involved in the R&D work) has structured their remuneration as a low salary and the remainder as dividends.

R&D Tax Credits

Software R&D Claim: HMRC success in Tribunal case

This tribunal case highlights useful reminders on the importance of Competent Professionals involvement to support claims - especially for software R&D tax credit claims