hmrc
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Breaking down HMRC's guidelines for compliance for a successful R&D claim
R&D legislation is always evolving to prevent fraud and to ensure that the incentive covers all types of costs for innovative businesses carrying out research and development. HMRC has developed an informative resource known as the Guidelines for Com...
Alexander Clifford · 11 March · 1Direct vs indirect: A guide to R&D activities with practical examples
Innovation takes place in many forms within businesses across the UK, and the same eligibility applies across industries for the R&D tax credits. Whether you’ve developed software for pharma, adapted a food product, or improved the safety of a...
Alexander Clifford · 25 January · 4An outlook of HMRC R&D tax credit statistics 2023
It’s been an incredible financial year for R&D; innovative projects across the United Kingdom have truly taken off and grown tremendously, fuelled by the cash injection from R&D tax credits for SMEs and large companies. The newly published HMRC...
Alexander Clifford · 27 December 2023 · 1Which documents are required for submitting an R&D claim?
Whether you’re a first-time R&D claimer, or you’ve previously claimed, it’s important to keep track of the latest regulations about the necessary documents for an R&D claim. The purpose of the documentation is to showcase your endea...
Alexander Clifford · 21 December 2023 · 1Understanding the Accounting Treatment for R&D Tax Credits
How you record the accounting treatment for R&D tax credits depends on which incentive you’re eligible for either RDEC for larger companies or the SME scheme for small businesses. R&D tax credits can be received as either a cash injection or a...
Alexander Clifford · 20 December 2023 · 14 key factors determining your qualifying activities for R&D tax credits
While it’s easy to view the R&D tax credit incentive as an amazing opportunity, it’s more difficult to gauge whether you have qualifying R&D activities. So here's the kicker: to unlock these valuable incentives, you must first pass the ri...
Alexander Clifford · 19 December 2023 · 1A practical guide to maximise your R&D claim
Understanding the R&D qualifying costs, engaging in eligible activities, and assembling the necessary documentation are pivotal steps in optimising your R&D claim. This article serves as your roadmap, shedding light on the key components that can mak...
Alexander Clifford · 15 December 2023 · 1R&D Tax Credits — An Ultimate Guide
Innovation is the lifeblood of business success, but it often comes with financial challenges. That's where R&D tax credits come into play. Whether you're a start-up aiming to disrupt industries or a seasoned company striving to stay ahead, understan...
Alexander Clifford · 14 December 2023 · 1