If you had asked me about R&D tax credits two or three years ago, there would have been plenty to talk about. The market was in turmoil. We had repeated rule changes, increasing levels of HMRC scrutiny, changes to relief rates, and, ultimately, the introduction of the merged R&D scheme. At the same time, there … Read more
Secure funding without giving away equity For many growing businesses, especially in technology and innovation-led sectors, funding is one of the biggest barriers to scaling. Developing new products, improving processes, or investing in research often requires significant upfront investment, long before any return is realised. That pressure on cash flow can slow progress or force … Read more
The manufacturing industry is continuously evolving, with many businesses driving innovation through smarter processes, advanced technologies, and continuous improvements to products and production lines. However, what many businesses don’t realise is that these improvements could qualify for R&D tax credits, offering a valuable opportunity to reinvest in your operations. In this blog, we’ll explore how … Read more
The Government R&D tax credits scheme remains a generous incentive for UK companies. However, the rules have changed. The R&D merged scheme has been introduced for accounting periods beginning on or after 1 April 2024. The new merged scheme significantly changes the R&D tax relief scheme and will impact all companies that claim it. The … Read more
Recent HMRC figures show the number of claims for Research & Development (R&D) tax credits fell 21% in the 2022/23 tax year to 65,690, down from 83,240 in the 2021/22 tax year. The Government continues to change how companies claim R&D tax credits. Some companies now have to submit an advanced notification form before making … Read more
