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?
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.
23 July 2018
New statistics reveal that HMRC paid out £868m in creative sector tax relief during 2017/18 (£3.7bn since the reliefs were introduced).
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.
27 February 2018
New data published by HMRC has highlighted significant disparities in R&D tax relief claims across different UK regions and sectors.
10 January 2018
Historically, the real estate and construction sector has fallen behind other sectors, unaware the work it does may qualify for research and development (R&D) tax relief. But the relief continues to encourage businesses to spend more on innovation in the UK.
15 December 2017
Following the Chancellor’s Budget announcements, the proposed changes to R&D tax relief and indexation allowance are examples of measures considered likely to have a significant effect – one positive and one negative - on impacted companies.
18 May 2017
Businesses are naturally concerned that an R&D claim could trigger a tax investigation. But this really isn’t the case. Learn why a collaborative approach with HMRC really works and helps build a better long term relationship.
11 May 2017
Despite the continuous need for innovation and bespoke solutions, there are two common assumptions made by companies; they do not undertake any qualifying Research and Development Tax credit activities and it is too difficult to make a successful claim. We have found that there are common myths that can often stop companies making a claim. Our video series and thought leadership explores these misconceptions and why your company should challenge your pre-conceptions on eligibility to make a claim.