News
Understand the changes to R&D tax reliefs: overseas restrictions
The UK government has introduced significant reforms to the Research and Development (R&D) tax relief regime, particularly concerning overseas expenditure. These changes aim to ensure…
R&D tax relief claim notification requirement
Overview For accounting periods beginning on or after 1 April 2023, if you are planning to make an R&D claim you must submit a claim…
Autumn Budget 2024 – what’s in it for R&D tax relief?
Overview The good news, finally, is that after several years of legislative change, multiple consultations, increased compliance activity and turbulence in this space it seems…
Autumn Statement November 2023 – merged RDEC scheme and SME intensive scheme
Overview Following on from announcements earlier this year and draft legislation published in July, the Autumn Statement confirmed that the Government is moving ahead with…
House of Lords – Call for Evidence – update
We were delighted to be invited to provide oral evidence to the House of Lords Economic Affairs Sub-Committee on 13 November 2023. Having provided written…
House of Lords – Call for Evidence
The Finance Bill Sub-Committee is appointed annually by the Economic Affairs Committee to consider the draft Finance Bill from a tax administration, clarification and simplification…
Proposed merged R&D scheme and additional tax relief for R&D intensive SMEs
The Government is continuing its consideration of a merged scheme for R&D tax relief, and a brief outline of progress to date is set out…
Chartered Institute of Taxation letter to HMRC on the approach to R&D enquiries (and HMRC’s response)
Background On 3 July 2023, the Chartered Institute of Taxation (CIOT) published a letter sent to HMRC outlining significant concerns regarding the management and handling…
Understanding the Additional Information form for R&D claims
Background Key changes to the R&D tax relief claim submission process were implemented by HMRC on 8 August 2023. Whilst previously there was no mandatory…
R&D Tax – Changes in the Spring Budget
After an Autumn statement that brought challenging news for R&D tax relief claimants, Jeremy Hunt’s Spring Budget has produced more positive outcomes for some businesses…
