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Innovation is the cornerstone of progress in today's fast-paced world, and research and development (R&D) is the engine that propels it forward. Whether you are a start-up or an established enterprise, your ability to innovate often hinges on your R&D budgeting strategies.
Discover how companies approach securing intellectual property through patents and whether these costs qualify for R&D Tax Relief. Learn about alternative incentives like the Patent Box scheme to maximise returns on innovation investments.
Discover what scientific or technological uncertainty means for R&D tax relief. Learn how businesses can assess and document these uncertainties to qualify for tax benefits, ensuring projects meet the criteria set out in the guidelines.
R&D claims allow companies to recover a portion of the expenditure incurred on R&D activities in the form of tax liability reductions or in some instances, payable cash credits. But, does an R&D Tax Claim always benefit cash flow?
The Patent Box scheme allows UK companies to apply a lower Corporation Tax rate to profits from patented inventions, boosting the financial health of SMEs. Learn about the application process, the financial impact on SMEs, and gain strategic advice for maximising benefits.
CIOT (Chartered Institute of Taxation) as a professional accounting body have previously raised concerns with HMRC through open letters sent in July 2023, December 2023 and May 2024. The concerns addressed in the letters have focused on several key areas related to HMRC's approach that affect their charter.
A client approached our R&D tax team for assistance after their accountant had prepared an R&D claim that came under scrutiny during the compliance check process. Read our key take aways from successfully navigating an HMRC compliance check.
Navigating HM Revenue & Customs (HMRC) enquiries or compliance checks concerning Research and Development (R&D) tax credit claims can be a significant challenge for businesses. Read our latest article where we share expert insights including engaging with HMRC, the reasons for a HMRC enquiry and the process.
Discover the new R&D Merged Scheme effective from April 1, 2024, simplifying claims for SMEs, Large Companies, and subsidised projects.
Two key mechanisms that play a pivotal role in fuelling research and development (R&D) endeavours while maximising returns on intellectual property (IP) investments are R&D tax relief and the Patent Box regime. But what happens when these two powerful incentives come together?
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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