R&D tax credit statistics 2024: Navigating compliance and new realities
Alex Hannaway
September 27, 2024
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The EmpowerRD News
Insights and ideas to enrich your innovation, navigate the complex funding landscape, and enhance the quality of your R&D tax credit claims.
Autumn Budget 2024: Key tax predictions for innovative companies and startups
The news surrounding the £22bn “black hole” in the public finances has been impossible to avoid over the past few months, and it’s this shortfall, along with rising debt and a heavy tax burden, which is set to define Labour’s first Autumn Budget. Rachel Reeves faces the challenge of tackling these fiscal issues while also devising policies to bring confidence and economic growth. Across the UK, startups will be watching closely, as policy decisions on capital investment and taxation could ...
Update on Research and Development Communication Forum (RDCF): September 2024
Alex Hannaway
September 24, 2024
Latest posts
Why HMRC’s increased scrutiny of R&D Tax Credits is good for businesses and public finances
Alex Hannaway
August 16, 2024
Relying on your R&D efforts to speak for themselves won’t cut it Recently, a wave of headlines has spotlighted the state of R&D tax credits
Encouraging progress in HMRC’s R&D tax credit compliance efforts
Alex Hannaway
July 31, 2024
According to HMRC’s latest Annual Report and Accounts for 2023-24, there’s some good news: the error and fraud rate for the R&D tax relief scheme
The Impact of Autumn Statement 2023 on R&D Tax Relief
Alex Hannaway
November 22, 2023
In today’s Autumn Statement, Chancellor Jeremy Hunt unveiled 110 measures to boost economic growth ahead of next year’s general election. The statement emphasised the UK’s
New Additional Information Form will change the R&D claim submission process from August
Alex Hannaway
April 25, 2023
In April 2023, the R&D tax relief scheme experienced a range of reforms, including adjustments to R&D tax rates, as well as the addition of
HMRC enquiries are on the rise for R&D tax credit claims
Alex Hannaway
April 17, 2023
As HMRC continues to tighten up compliance measures for R&D tax credit claims, the number of enquiries is increasing significantly. If your company claims tax
R&D update: 16 March 2023
Alex Hannaway
March 16, 2023
An update from our Chief Client Officer, Max Glennon, on the latest changes affecting the UK’s R&D tax credit scheme. This month: Max looks
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