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The recent Autumn Statement officially announced the merger of the R&D tax relief schemes, scheduled to take effect from 1st April 2024, for accounting periods starting after this date.

R&D Tax Credits
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Within R&D tax credit frameworks, there exist varying degrees of guidance, each with distinct purposes. These are ‘Meaning of Research & Development for Tax Purposes: guidelines’, 'CIRD Manual (Corporate Intangibles Research and Development)' and ‘Guidelines for Compliance’

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There were some important announcements made in the Autumn statement regarding the future of the R&D tax credits schemes both in structure, operation and who can benefit as well as wider investment in R&D in specific sectors.

R&D Tax Credits
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In the world of business, tax compliance is a vital aspect that demands your utmost attention. While businesses aim to be fully compliant with tax regulations, the reality is that HMRC enquiries can happen to any business, no matter how diligent you are. Therefore, staying prepared and safeguarding your business against HMRC enquiries is not just good practice; it's a necessity. 

R&D Tax Credits
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In the fast-paced and ever-evolving landscape of business and innovation, companies are constantly seeking ways to stay competitive and drive growth. One powerful tool that has been instrumental in promoting research and development (R&D) activities is the R&D tax credit.

R&D Tax Credits
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In today's dynamic business landscape, innovation and entrepreneurship are the driving forces behind economic growth and development. Aspiring entrepreneurs and businesses looking to scale their operations often seek financial backing to turn their visions into reality.

R&D Tax Credits
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For companies engaged in research and development (R&D) activities, claiming R&D tax credits can be a game-changer. These credits provide a financial boost to incentivise innovation and offset R&D-related expenses. However, when it comes to securing these credits, meticulous record-keeping is paramount. To help you navigate the complex process, here are the dos and don'ts of record-keeping for R&D tax credit claims.

R&D Tax Credits
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R&D tax credits can be a significant financial boost for companies that engage in activities aimed at pushing the boundaries of knowledge and technology. However, understanding which costs are eligible for these tax credits can be a complex and often confusing process.

R&D Tax Credits
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If you are a business performing Research and Development (R&D) in your organisation, there's a good chance you’ve heard about the R&D Tax Credit Schemes provided by HMRC. These schemes gives small and large businesses the opportunity to claim back certain R&D expenses for tax purposes, which can be a brilliant asset to any company

R&D Tax Credits
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In July, The Chartered Institute of Taxation (CIOT) penned a letter to HMRC expressing its deep-seated concerns regarding HMRC’s handling of its expanding R&D Tax Credit investigation program. In response to members’ grievances, the CIOT’s letter raised doubts about HMRC’s adherence to its own Charter.

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