Additional Information Form Required for R&D Claimants from 1st August 2023 On 1st April 2023, the R&D tax relief scheme experienced a number of significant reforms, including adjustments to R&D rates and expansion of qualifying expenditure. It was also confirmed that
HMRC issues over 2000 Nudge Letters to R&D Claimants HMRC has recently written to over 2,000 companies as part of its ever-increasing compliance activity to crack down on fraudulent and inaccurate R&D tax relief claims. The ‘nudge’ letters encourage recipients to check
2023 Changes to R&D Tax Relief: Explained From 1st April 2023, a number of changes to R&D Tax Relief will come into effect. The changes which were announced in the Autumn Budget 2021 and Autumn Statement 2022, represent some of the most substantial
Autumn Statement 2022 – Changes to R&D Tax Relief On 17th November the UK Government released its Autumn Statement 2022. At at a time of significant economic challenge for the UK, the government stated its priorities are stability, growth, public services and
Significant changes announced for R&D tax reliefs from April 2023 On the 20th July 2022, the UK government published draft legislation for the forthcoming Finance Bill 22/23. Included in the draft legislation are significant changes to Research and Development (R&D)
R&D Tax Credits and the SME PAYE & NIC Cap Due to changes in government legislation, SME companies that are completing their R&D tax credit claim for 2021-2022 could be affected by the PAYE & NIC Cap. What is the HMRC
