As the R&D landscape continues to evolve, HMRC has introduced two significant updates in its January 2025 Agent Update. These initiatives aim to enhance the support and compliance mechanisms for
In 2023 legislation was introduced which in certain circumstances made it necessary to notify HMRC of an intention to submit an R&D claim in advance of a claim. The official
The autumn statement contained a lot of nice sentiments in terms of supporting business. But for the important UK Tech sector the lack of anything new or helpful in relation
I have been an R&D consultant for over ten years and the last year has been without a doubt the most difficult. Claims have been attacked in an aggressive and
The ‘Research and Development Tax Credits Statistics: September 2023’ were recently published. The report looks at the UK tax year 2021 to 2022 and compares it to previous years. But
The additional information form (AIF) has become mandatory for all R&D claims filed from the 8th August 2023. The details can be found here. The form must be filed before
A consultation was held earlier in the year on this issue. Draft legislation has now been published to bring about the change. But no decision has been made so far
The Chartered Institute of Taxation (CIOT) is to be commended for its fine work in gathering industry feedback about the current HMRC compliance checks process as a result of recent
An article in Tax Adviser magazine details a meeting between HMRC and representatives of the Chartered Institute of Taxation (CIOT) and the Institute of Chartered Accountants in England and Wales