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R&D Tax Credits Statistics
News Article
HMRC has published R&D claim statistics for the tax year 2021/2022, covering data on the number of companies claiming R&D tax credits, the top industries making claims, and first-time claims, etc. Following on from our blog post last week, we have summarised the key points in the useful diagram.
05 October 2023
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HMRC publishes new R&D claim statistics
Consulting
News Article
28 September 2023
HMRC has published R&D claim statistics for the tax year 2021/2022, covering data on the number of companies claiming R&D tax credits, the top industries making claims, and first-time claims, etc. and we have summarised the key points in our blog. It's important to note that claims for that year can still be submitted after the cut-off date for this HMRC publication. Therefore, the statistics provided are considered 'provisional' and have been adjusted to account for claims that have not yet been received.
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Nearly 50% of last month's R&D claims invalidated by HMRC
Consulting
News Article
22 September 2023
Recent adjustments to the submission process for R&D tax relief claims in the UK have caught many companies off guard. And the consequences are significant, with nearly half of all claims submitted since August 8th being declared invalid by HMRC.
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R&D Tax Credit Claims Checklist
Consulting
News Article
31 August 2023
Read our detailed R&D Tax Credits Claims checklist to ensure that the claim is able to withstand any scrutiny HMRC might choose to being.
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Sound Firefighting: A Revolutionary Approach to Tackling Wildfires
Consulting
Innovation & New Technology
News Article
29 August 2023
As wildfires continue to ravage the landscapes of Southern Europe, posing unprecedented challenges for firefighters and endangering both lives and ecosystems, innovative solutions are urgently needed. One remarkable approach gaining traction in the scientific community is using sound to extinguish fires. This ground-breaking technique holds the potential to revolutionise firefighting efforts and provide a safer and more efficient means of battling the relentless infernos plaguing the region.
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New HMRC Guidance for Large Businesses
Consulting
News Article
11 August 2023
HMRC have published guidance for Large Businesses approaching R&D claims and it contains useful information on project sampling, R&D reports and which technical narratives should be written up in the Additional Information Form.
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Can You Claim Patent Box on IP Licensing Income?
Consulting
News Article
28 July 2023
Can companies leverage the value of their IP even further and claim Patent Box tax relief on the income they make from licensing their patent? The answer is yes! Read on…
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New proposed R&D Tax Relief legislation
Consulting
News Article
19 July 2023
Draft legislation published yesterday revealed more details regarding the merger of the current SME scheme and RDEC scheme into a new single scheme for R&D tax relief for accounting periods beginning on or after 1 April 2024.
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Unlocking Opportunities: Grants & Tax Credits for UK Manufacturers
Consulting
News Article
14 July 2023
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Major changes to the R&D tax credit scheme: Company & contact details
Consulting
News Article
12 June 2023
As the 1st August begins to loom large on the horizon, we take a look at the final set of new requirements – the company and contact details. And remember – this applies to ANY R&D claims filed from 1st August this year.
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Funding opportunities for UK manufacturers amidst challenges
Consulting
News Article
12 June 2023
In the recently released Make UK's Q1 Manufacturing Outlook, UK manufacturers demonstrate a vibrant and optimistic outlook with growing confidence and investment intentions, robust order books, and increased output. Nevertheless, there are still avid concerns over manufacturers managing cash flow and ensuring liquidity.
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Major changes to the R&D tax credit scheme: Reporting
Consulting
News Article
08 June 2023
August 1st is getting closer. The changes are significant and all R&D claims, irrespective of which tax year they are for, must meet the new requirements.
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Digital Communication and SEP Patent Landscape
Consulting
News Article
07 June 2023
As companies strive to meet the growing demand for connectivity and technology-driven solutions, patent landscapes become invaluable tools.
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Major changes to the R&D tax credit scheme
Consulting
News Article
01 June 2023
August 1st will see some of the biggest changes in the process of claiming R&D tax credits since the scheme began in 2000. From that date, all R&D claims, irrespective of which tax year they are for, must meet the new requirements - HMRC will reject all incomplete submissions.
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Recent advancements in birth control for men
Consulting
Innovation & New Technology
News Article
19 May 2023
In recent years, there have been exciting new developments in male birth control that could be real game changers.
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World Intellectual Property Day: Women in R&D
Consulting
News Article
26 April 2023
In celebration of World IP day & women in innovation, hear from our Innovation Funding Consultants, who share their thoughts, experiences and insights on women in R&D and innovation.
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Consider Patent Box for Maximising R&D Tax Relief
Consulting
News Article
20 April 2023
If you're looking for alternative ways to optimise your tax relief for research and development (R&D), it's worth considering Patent Box as an option.
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Capitalised R&D Expenditures
Consulting
16 April 2023
You may be wondering if you can claim tax relief on capitalised R&D expenditure. The answer is yes, but only in certain circumstances.
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Superconductors revolutionising science and technology
Consulting
Innovation & New Technology
News Article
12 April 2023
Superconductors are a remarkable class of materials that have the potential to revolutionise many areas of science and technology.