HM Revenue & Customs (HMRC) has launched a voluntary disclosure initiative aimed at companies that have overclaimed research and development (R&am...
View articleRecent developments suggest that the R&D tax credit regime, established almost 25 years ago to support innovative UK businesses, is facing critica...
View articleThe last couple of years has seen monumental changes within the R&D tax relief world. We are currently in an era where depending on when a compan...
View articleOriginally set up to be a generous scheme to position UK companies at the forefront of innovation, Research & Development Tax Relief is one of HMR...
View articleAs the UK gears up for the general election, accounting and tax experts are calling on the incoming government to address critical gaps in tax policie...
View articleThe Liberal Democrats' 2024 manifesto, "For A Fair Deal," proposes significant tax reforms, focusing on fairness and sustainability. Key changes inclu...
View articlePharma and life sciences businesses, understandably, tend to focus on the science and development of ideas and the groundbreaking therapies this might...
View articleThe new guidance from HMRC regarding the R&D tax scheme shows that the Government is taking action against false claims, resulting in a more thoro...
View articleTens of thousands of businesses could potentially miss out on vital research and development (R&D) tax relief. New requirements for companies to p...
View articleAmid economic uncertainty, UK political parties are betting on innovation-driven sectors like technology, manufacturing, and green energy to power gro...
View articleThe amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...
View articleTechnology industry leaders are pressing the government for substantial investment to prepare the next generation with essential digital and AI skills...
View articleAmidst complex regulations and a crackdown on fraud, UK accounting firms are increasingly turning to outsourcing as a strategic approach to ensure com...
View articleThe House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleAmidst rising fraud and complexity, the consolidation of the UK’s R&D advisory market could be the key to unlocking reliable, efficient, and compliant...
View articleMany have criticised the pace of change in the UK's R&D regime in recent years Read More...
View articleDuncan Edwards, Incentives and Reliefs Senior Manager at Markel Tax, explains the motivations behind the recent changes to the R&D regime Read More...
View articleHMRC investigations into R&D claims will have risen by 900% in the past four years, research suggests Read More...
View articleThe lack of a clear reform roadmap risks erosion of trust in the R&D system, one expert says Read More...
View article'The scheme needs to be set out in a better way than the government is proposing' Read More...
View article40% R&D threshold is an "arbitrary" number and may exclude many SMEs, accounting experts caution Read More...
View articleNew R&D tax measures mark 'return to generosity' but add complexity, argue accounting experts Read More...
View articleATT technical officer, Emma Rawson, takes a look at the challenges arising from the proposed new combined R&D relief scheme Read More...
View articleHalf of all STEM businesses plan to move R&D activity overseas due to forthcoming changes Read More...
View articleAn estimated £469m worth of R&D-related error fraud occurred in the 2021/22 financial year Read More...
View articleThe new scheme will seek to allow businesses to more effectively budget for R&D expenditure Read More...
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