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
We have talked about these changes previously. The intention of this blog is to simply point to all the latest information on forms. The most immediate change that companies and
We have seen a raft of changes to the Research and Development (R&D) tax relief and tax credit schemes – here is a summary of what has changed and when
Compared to recent Budgets and Autumn statements the Chancellor was relatively quiet on the Research and Development schemes. Two changes were announced. https://www.gov.uk/government/publications/spring-budget-2023 https://www.gov.uk/government/publications/spring-budget-2023-factsheet-cutting-simplifying-tax-for-businesses-to-invest-and-grow/spring-budget-2023-media-factsheet-cutting-simplifying-tax-for-businesses-to-invest-and-grow “Boost” for R&D intensive companies. Companies
I would strongly recommend that anyone with interest in the R&D schemes and the current debates around them read this well considered and balanced report. It is important to consider
R&D Tax Reliefs Review. Consultation on a single scheme. https://www.gov.uk/government/consultations/rd-tax-reliefs-review-consultation-on-a-single-scheme HM Revenue & Customs have launched a consultation based on creating one unified R&D scheme for companies of all sizes.