R&D Tax Relief

February 7, 2019

R&D Tax Credits & Software – Increased scrutiny in 2019

With the number of SMEs claiming R&D Tax Credits more than doubling between 2013-14 (15,585) and 2016-17 (34,060), and with an average claim value of c£54,000, it is clear that awareness of this attractive scheme and its benefits continues to increase, which is good news for the economy.

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February 1, 2019

HMRC R&D Tax Relief enquiries – a good advisor is important

HMRC do not publicise their criteria for selecting R&D claims for enquiry, nor their frequency. But it is clear the selection process combines a risk-matrix approach: How much tax may be at stake How likely is the claim to be correct Combine these two points with several randomly selected enquiries […]

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January 18, 2019

R&D Tax Credits – Don’t spoil all your good work with a poor submission to HMRC – Tip 8

Having identified all qualifying R&D projects and their associated expenditure, there’s the third stage, the successful submission of a well-presented claim, and one that meets HMRC requirements.

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January 9, 2019

Are you identifying all qualifying R&D Tax Credit expenditure? – Tip 7

Identifying qualifying R&D may be the hardest part of completing a R&D Tax Credit claim, but there are a number of potential issues you need to consider when calculating qualifying expenditure. Here are just a few examples:

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January 8, 2019

Helping hand to set up new businesses

A new government service allowing start-ups to jointly register their company and register for tax has been used 200,000 times.

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