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Understanding R&D Tax Tag

04 May

April 2023 changes to R&D Scheme – How will this impact your business?

by Georgina Swain
in R&D Tax Relief
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In our recent webinar, we looked at the changes to the R&D Tax Relief scheme which came into force in April 2023 and discussed how businesses can prepare for these changes. We also highlighted the potential benefits and drawbacks of the new scheme and provided practical tips on how to maximise your R&D Tax Relief claim under the new rules. Here is a summary for those...

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19 Feb

Delays to tax credits force startups to raise costly emergency funds

by Georgina Swain
in R&D Tax Relief
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Significant delays by HM Revenue & Customs’ (HMRC) in the processing of Research & Development (R&D) Tax Relief claims in 2019 forced many startups to raise emergency funds. According to findings published on 16 February by the Financial Times* the long delays caused serious concerns for businesses who rely on HM Government’s investment in these reliefs to support their innovation, in particular startups who rely on...

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11 Jun

Tips for understanding Research & Development Tax Relief for your business

by Site Administrator
in R&D Tax Relief
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The Research and Development (R&D) Tax Relief scheme are Government tax breaks designed to encourage innovation by incentivising companies to invest in R&D, enabling them to reduce their tax bill or claim payable credits on a proportion of their R&D expenditure. What can help you qualify for an R&D tax relief? While R&D tax relief is available to any company undertaking a project which seeks to achieve...

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