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ABGI has summarised the key points on R&D tax credits from the Spring 2023 budget.

Details of the biggest change to European Patent Law since its inception in the 1970s (Unified Patent Court).

Leading adviser urges HMRC to fully adopt R&D tax relief reforms proposed by House of Lords

Leading adviser urges HMRC to fully adopt R&D tax relief reforms proposed by House of Lords

The UK government has opened a consultation on whether to replace the current two-tier R&D tax claim regime with a new, single system applicable to all companies irrespective of size, proposed to commence from April 2024.

The HMRC R&D Communication Forum held its latest meeting last week, read the key points below.

Chancellor responds to reports of abuse & fraud in R&D tax relief by cutting the SME scheme deduction rate to 86% and the credit rate to 10% but increases the rate of the RDEC credit from 13% to 20%. All innovative SMEs suffer because of the actions of a few...

Constructions relying on Cross-Laminated Timber technology rival concrete and steel architectural solutions.

HMRC recently confirmed that, from April 23rd, 2022 companies considering applying for R&D tax relief will need to give advanced notification of their intention to claim within six months of the period-end for which they are planning to submit a claim.

HMRC have said there will be further delays with R&D claims due to fraudulent activity.

HMRC received over 350 formal complaints, between April 2021 and March 2022, which explicitly referred to assignments, a figure which has been increasing annually.

Capitalised costs and how they related to R&D tax relief can be confusing to both companies and their accountants. As a business owner, you may be wondering if you can receive tax relief on capitalised R&D expenditure.