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Improve cash flow with tax reliefs

25 March 2020

Managing your cash flow effectively is essential during the coronavirus health crisis, and tax can play a significant part in that.

R&D tax credits increased for large companies, but an opportunity missed for SMEs

11 March 2020

In the Budget 2020 announcements, the Chancellor announced a number of changes to R&D tax credits.

NAO report highlights need for Government to champion R&D tax incentives
James Tetley

14 February 2020

James Tetley, national head of R&D at RSM, comments on today's report from the National Audit Office on the management of tax expenditures.

R&D cash back – substantial delays

20 September 2019

Companies are experiencing considerable delays in HMRC's processing of payable R&D credit claims. These delays could impact on future investment by companies into further innovation, impacting companies’ financial results and the growth of the wider economy.

R&D tax relief reforms risk stifling innovation in small firms, RSM warns
James Tetley

24 May 2019

New proposals designed to prevent abuse of the R&D tax relief regime risk disincentivising small businesses from undertaking genuine R&D activity, RSM has warned.

Chancellor focusses on technology and IP rich companies

29 October 2018

The government will build on its long term commitment to R&D as outlined in their Industrial Strategy. Alongside a package of investment measures, there were specific changes to the treatment of intangibles – tempered with an anti avoidance measure to ensure that the R&D tax credit regime isn’t subject to abuse.

Chancellor focusses on technology and IP rich companies

29 October 2018

The government will build on its long term commitment to R&D as outlined in their Industrial Strategy. Alongside a package of investment measures, there were specific changes to the treatment of intangibles – tempered with an anti avoidance measure to ensure that the R&D tax credit regime isn’t subject to abuse.

Is Patent Box supporting all levels of business?

04 October 2018

The latest Patent Box statistics show a split in benefit between large and smaller businesses, but who is gaining most from lower rates of corporation tax? Is red tape deterring smaller businesses from claiming a relief to which they may be entitled?

R&D tax relief claims rise by over 50 per cent
James Tetley

27 September 2018

New statistics from HMRC have revealed that there was a 52 per cent year-on-year rise in the number of claims for research and development (R&D) tax credits submitted by companies in 2016-17, with the level of support provided rising by 20 per cent.

HMRC sets the bar higher for software R&D claims

18 May 2018

In recent years, HMRC has changed its approach to R&D tax relief claims for software development and has hired IT specialists. IT-related claims are often passed to these specialists to review. Many practitioners on the HMRC R&D Consultative Committee, including RSM, have argued that this sets the bar higher for software claimants.

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