To help businesses recover from the impact of the Covid outbreak, the Chancellor recently announced a temporary extension to how far back companies can carry back trading losses to offset historic profits.
If you are unsure on what the potential impact of obtaining these loans could have on your R&D Tax Relief Claims, particularly if your company is subject to the Northern Ireland Protocol, please contact us.
In his Budget speech, Rishi Sunak highlighted the dramatic effect of the pandemic on the UK economy, as well as reminding us of the breadth of support measures the government has put in place (and the associated costs).
Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300m incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report.
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