Research and Development

Research and Development Tax Reliefs

July 8, 2024

Navigating Changes in Research and Development (R&D) Tax Reliefs The landscape of Research and Development (R&D) tax reliefs is evolving. With new regulations aimed at streamlining processes and reducing abuse of the system. This article explores the recent changes and how businesses can navigate these new regulations to continue benefiting from R&D tax incentives. Understanding

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Major changes to R&D reliefs

September 21, 2023

R&D reliefs There have been major tax incentives for research and development expenditure for many years. Until recently, HMRC has adopted a ‘light touch’ approach to compliance in this area. However, those days are now over, as Finance Act 2023 introduces a number of changes, including more onerous compliance rules. The main changes are outlined

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r&d tax

Tax relief from Research and Development

February 5, 2023

Companies that invent new production methods or products can claim enhanced tax relief for the Research and Development (R&D) costs.   The enhanced expenditure scheme for small and medium-sized enterprises (SMEs) increases qualifying expenditure by 130%. So that for every £100 spent, the company enjoys a deduction of £230 from taxable profits. This may create

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