25 March 2021
From 1 April 2021, small and medium-sized enterprises (SMEs) considering making a research and development (R&D) tax relief claim will need to carefully consider the impact of a new cap on payable tax credits.
03 March 2021
The Chancellors plan to launch a review of the current Research and Development (R&D) tax incentives builds on previous consultation, revealing the Government’s focus towards keeping the UK at the forefront of innovation.
16 January 2021
For research and development (R&D) tax relief claims involving furloughed employees, we have highlighted some key points on the impact and provided our own recommendations.
02 October 2020
The latest HMRC statistics on Research & Development tax relief reveal that in 20 years, over 300,000 claims have been made, delivering £33.3bn of tax relief to UK businesses since its introduction in 2000.
23 June 2020
The extent of planned capital expenditure (capex) cuts by large listed companies in the UK was last week predicted to reach somewhere in the region of £23bn. CFOs seem to favour cash preservation over investment. What can Government do to lure business leaders away from their spending funk? Boosting the level of R&D tax relief available and relaxing the qualifying criteria would be a good starting point.
20 April 2020
RSM has contacted HMRC’s policy team to ask how R&D repayment claims will be treated in light of the government’s support schemes to help businesses cope with the coronavirus outbreak. Find out the answer here.