Research and Development

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Research and Development

What causes R&D tax relief claims to be unsuccessful at tribunal?

Shenal Wijetunge, a specialist in R&D tax relief and Partner at DSW Tax Advisory, highlights the importance of maintaining real-time documentation for companies preparing and defending R&D tax relief claims. With extensive experience navigating HMRC enquiries, particularly in recent years as scrutiny of R&D claims has reached unprecedented levels, Shenal stresses that tribunal cases consistently

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22 November 2024
R&D claim notification
HMRC

The introduction of R&D claim notification

R&D Tax Relief Is Changing: Are You Ready for the New Rules That Could Impact Your Business? With the introduction of significant reforms in the (Research and Development) R&D tax relief landscape, companies and their advisors must stay informed to avoid costly mistakes. These reforms, aimed at reducing error and fraud, now include a critical

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20 September 2024
Research and Development

Autumn Statement 2023 Part 2: R&D Tax Relief and Investment Zone Expansion Drive Economic Prosperity

Welcome to part two of our blog post series on the 2023 Autumn Statement. In this installment, we will delve deeper into the notable highlights and key announcements made by Chancellor Hunt. From simplifying R&D tax relief to extending investment zones, as well as the decline in inflation and the government’s commitment to economic stability,

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27 November 2023
HMRC

R&D Tax Relief: Ensuring Compliance and Maximising Benefits for Your Business

Research and Development (R&D) tax relief has become an important incentive for businesses in various industries. By encouraging innovation and advancements, R&D tax relief provides companies with the opportunity to claim significant tax credits, ultimately boosting their growth and competitiveness. However, recent statistics indicate a concerning lack of compliance with the compulsory Additional Information Form

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22 November 2023
research and development tax credits
Research and Development

Research and Development Tax Credits – Changes from April 2023

Research and Development Tax Credits – Changes from April 2023 Research and development tax credits relief will see changes in the way businesses apply for the relief, from April 2023. Additionally, the introduction of new qualifying measures will make the relief more accessible to a wider range of businesses. Changes when submitting research and development tax

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29 July 2022
Research and Development Tax Relief
Research and Development

Research and Development Tax Credit Update

Research and Development Tax Credit Update HMRC has provided an update on Research and Development Tax Credit payments, via the CIOT. Investigations into irregular claims are still ongoing. Furthermore, HMRC has made it clear that the investigations are to stop the abuse of the relief. However, delays in the processing time of claims have increased.

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15 June 2022
research and development tax credits
Research and Development

Research and Development tax credit payments on hold

Research and Development tax credit payments on hold HMRC have paused Research and Development tax credit payments. Investigations are also now underway into irregular claims for the tax relief. HMRC says that most of the claims are genuine and that the investigations should have no impact. However, delays are now expected when processing R&D claims,

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20 May 2022
R&D
Research and Development

R&D Tax Relief – Does your business qualify?

R&D Tax Relief – Does your business qualify? Research and Development Tax Relief (R&D) is a relief that businesses may be able to claim if they incur expenses whilst developing or enhancing existing products, services or processes. Many different businesses can claim R&D relief if they seek to research and develop an advancement in their

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6 May 2022
research and development
Research and Development

Research and Development tax credit changes

Research and Development tax credit changes Research and Development (R&D) tax credits are intended to support companies who invest in science and technology projects. To qualify for R&D tax credits companies must be developing or enhancing new or existing products, services or processes. Staff costs, software and research contributions all qualify under R&D. However, during

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2 December 2021