Contemporaneous documentation is one of the most crucial areas of a compliant R&D tax relief claim. Rather than relying on estimates or post-project recollections, maintaining contemporaneous documentation will create a...
For accounting periods beginning on or after 1 April 2024, the government replaced the SME and RDEC schemes with two new reliefs: the merged R&D scheme and Enhanced R&D Intensive...
Under HMRC's R&D tax credits relief guidelines, capability refers to what can be achieved within a field of science or technology using the existing scientific or technological knowledge or methods...
When it comes to R&D projects, work such as software development, engineering design, laboratory testing or specialist consultancy work is often delivered by external providers. The structure of the relationship...
One of the most common challenges in preparing an R&D tax relief claim is how expenditure is classified and assessed. While businesses often refer to costs as “direct” or “indirect”,...
Competent professionals play a central role in qualifying R&D activity. They oversee the work and assess whether it meets HMRC’s criteria, based on the presence of scientific or technological uncertainty...
The term “not readily deducible” refers to a situation where a competent professional could not resolve a scientific or technological uncertainty, or achieve an advance, using existing knowledge, publicly available...
When it comes to claiming R&D tax relief, a project must be able to clearly demonstrate an advance within a field of science or technology. To qualify for R&D tax...
The role of a competent professional in an R&D claim is to provide a technical assessment based on relevant scientific or technological expertise. Their input helps establish whether the project...
Most SMEs misunderstand the qualifying criteria for claiming R&D tax credits. A common misconception is that the project being put forward for claiming R&D tax credits could actually have failed,...
Following a recent conversation with HMRC, we’ve produced this article outlining the spring 2026 updates affecting R&D tax relief claims, with particular focus on the new Advance Assurance Pilot. This...
It’s well known that the agricultural industry relies on research and development to ensure food security and adapt to changing climates. What many businesses don’t realise is that these innovative...
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