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R&D is a critical component of innovation - and innovation is key not only to business recovery from COVID-19 but also to the health of our economy post-Brexit.

Companies in Yorkshire and the Humber have seen another rise in R&D tax credits according to tax incentive specialists AGBI.

The latest 2019-20 figures show London companies made a total of 17,210 claims, up from 14,685 made that this time last year.

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).

Innovate UK Smart grants are open to all industries, all sectors and all technology types and the next round in May 2021 could help re-align your R&D programme, ABGI are here to help.

Responding to the latest lockdown announcements in the UK, Chancellor Rishi Sunak has announced a new package of support for businesses worth around £4.6bn.

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.

Since 2000-01, when the R&D tax credit schemes were launched, over 300,000 claims have been made and £33.3bn in tax relief claimed.

Wales has seen another rise in R&D (research and development) tax credit claims, according to statistics released by HMRC.

The South East has seen another significant rise in R&D (research and development) tax credit claims, according to statistics released by HMRC.