Future Restriction of R&D Tax Credits.

Future Restriction of R&D Tax Credits.

Even though the government is keen to encourage investment in R&D activities, it is concerned that the generous relief is being abused. Having estimated that £300m of credits have been paid in error, the government will be putting a cap on the tax credit payable....

New HMRC R&D Tax Credits Statistics Report.

New HMRC R&D Tax Credits Statistics Report.

HMRC has just released provisional R&D tax credit data for 2019. The statistics measure the amount of tax credits claimed by the UK’s most innovative businesses during the previous 12 months. The statistics in the report are largely...