Tag Archive: RDEC

R&D Tax Reliefs Reforms: What you need to know

Posted 8th August 2023 at 9:03 am

Over the last 12 months the R&D industry has gone through a significant transformation in an attempt to reduce the level of non-compliance in the R&D Tax Reliefs. The SME scheme has, by many, been seen as a lucrative industry which allows claimant companies to recoup costs for the previous two accounting periods; this has led to concerns over abuse and boundary-pushing involving R&D tax reliefs growing in recent years, particularly amongst SMEs. While any scheme that provides financial support to large numbers of claimants contains an inherent risk, the Government launched a review of the R&D tax relief schemes... Read more

Specialist Tax: Rewarding innovation in science and technology

Posted 13th June 2020 at 11:57 am

It’s fair to say that the last few months haven’t exactly been great for business, and most of our finances could do with a bit of a boost! It’s possible that individuals and businesses are missing out on claiming tax benefits for specialist tax areas, just because they are little known or not well understood. In this first of a series of blogs, we look at some of the different types of specialist tax schemes that your business might be eligible for.   Research & Development (R&D and RDEC) Companies carrying out qualifying R&D activities can claim significant corporation tax... Read more