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.
UK space mission fails after rocket “anomaly”. The space sector is currently worth over £16.4 billion per year to the UK economy and employs 45,100 people. The attempt to launch
Full details of the autumn statement changes can be fund here. What is an R&D Tax Credit? R&D claims create an additional deduction in the tax computation. The current rate
The Government obviously relies heavily on statistics in its decision making. Good statistics are essential. The problem when analysing and making decisions about the R&D schemes is that a lot
The autumn statement brought grim news for SMEs as the Government cut the SME R&D schemes. The additional deduction rate was cut from 130% to 86% and the R&D Tax
There have been 3 distinct periods with specific themes for the R&D schemes. 2002-2009 –Little was known or understood by most companies or accountants about the schemes and there were
The main takeaway from these new statistics is the 10% decrease in the average claim value. This may be due to the impact of the COVID-19 pandemic, which could have
HMRC and the Government did a fantastic job during the pandemic of keeping R&D Tax Credit processing times in line with the Key Performance Indicator (KPI) of 95% in 28