Industry News - R&D Tax Services

Autumn Statement 2023: R&D Schemes will merge from April 2024, Chancellor confirms.

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The landscape of Research and Development (R&D) tax relief in the UK is undergoing another transition, marking an era of ‘simplification’ and ‘compliance’. Chancellor Jeremy Hunt’s announcements today in the Autumn Statement outline substantial, if not majoritively anticipated changes that are poised to reshape how businesses navigate R&D tax relief. Here’s everything you need to […]

Autumn Statement 2023: R&D Schemes will merge from April 2024, Chancellor confirms. Read More »

The Spring Budget 2023 is a love letter to innovation, but what does it mean for R&D?

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Like many of you we’re fresh from watching the Spring Budget 2023, which Jeremy Hunt explained was built around the ‘Four E’s’ of Enterprise, Education, Employment and Everywhere. Announcements included reforms in childcare and helping parents, mothers especially, return to work or find work after having children. Highlights being a commitment to extend free childcare

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Industry concerns grow regarding R&D tax relief schemes

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Whilst R&D investment promotes economic growth and signals recovery in a number of industries impacted by the pandemic a lack of regulatory scrutiny could bring forward tighter restrictions and review of claims as we move into the next financial year. Official statistics published by the HMRC in September show a 16% increase in the number

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