Creating value through innovation
Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole. The development of new ideas, processes and technologies and...
View ArticleAutumn Statement 2022: Rebalancing of R&D Tax Relief
In Thursday’s Autumn Statement, the Chancellor announced changes to both the large company and SME Research & Development (R&D) tax relief schemes in an attempt to rebalance them and ensure...
View ArticleGovernment proposes an overhaul to R&D tax credits for SMEs
In a consultation document published on 13 January, the government said that there was “justification to the case for further support” of small and medium-sized businesses (SMEs). Following plans to...
View ArticleImportant R&D changes from April 2023
The government are committed to a number of important changes to Research & Development (R&D) tax relief from 1 April 2023. It also looks increasingly likely that the two existing systems will...
View ArticleUnderstanding R&D Tax Credits – FAQs
The UK Government’s Industrial Strategy has committed to increase investment in research and development (R&D) in the UK to committing to a £39.8 billion R&D budget for 2022-2025 to help...
View ArticleHMRC see an increase in fraudulent claims for R&D tax relief
HMRC state that they have seen an increase in fraudulent claims for Research & Development (R&D) tax relief. They believe companies in certain sectors are being deliberately targeted by third...
View ArticleResearch and Development (R&D) Relief – Spring Budget 2023
For expenditure on or after 1 April 2023, the Research and Development Expenditure Credit (RDEC) rate will increase from 13% to 20% but the small and medium sized enterprises (SME) additional deduction...
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April 2023 changes to R&D Scheme – How will this impact your business?
In our recent webinar, we looked at the changes to the R&D Tax Relief scheme which came into force in April 2023 and discussed how businesses can prepare for these changes. We also highlighted the...
View ArticleDriving Sustainable Architecture: Maximising Benefits with R&D Tax Relief
Article first written for RIBA members and posted on the RIBA website. Sustainability has emerged as a paramount concern in the architectural industry today. The integration of sustainable practices...
View ArticleLeveraging R&D Tax Relief to Bolster Cybersecurity and Innovation in...
The architectural and construction sectors are currently undergoing a significant transformation driven by digital innovation. This shift towards incorporating more advanced digital tools and platforms...
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