Knowledge Library

< Back to library HMRC has a responsibility to ensure that individuals and businesses are paying the correct amount of tax and claim the correct amount of tax benefits, and this applies to R&D tax claims too. Download our full guide If you are a company where you have people and costs associated with project […]

Feeling confident? Already taken a few tentative steps along the road of R&D tax relief and can’t see what all the fuss was about? Sounds like you’re ready for the ultimate challenge.

We look into how the ‘sugar tax’ has become a catalyst for a flurry of development activity within the food manufacturing industry, that would fall within the boundaries of the R&D tax relief scheme.

We look into how the government’s current crackdown on vehicles that cause air pollution, known as the ‘toxin tax’, could create R&D challenges within the automotive industry as it strives to adapt, some of which could fall within the boundaries of the R&D tax relief scheme.

What often happens is that out of a fear of over-claiming, owing to a lack of specialist knowledge, some companies are advised their activities aren’t eligible.

Five facts about R&D tax relief that will make your blood curdle….

The R&D tax credit scheme encourages innovation, by providing a safety net to allow companies to do some risk-taking.

Ok, so there is one obvious way that you can use R&D tax credits to make money, and that is to submit a claim! You’ve ticked that box already? Well done! You’re on your way to unearthing a potential juicy nest egg to help grow your business.

HMRC. The very mention often strikes fear into the heart of business owners; dealings with HMRC usually end up in them taking money in some form of tax or another.

We love a good myth, particularly mythical creatures, and especially unicorns! The kind of myths we don’t like though, are those about R&D tax credits, that frighten companies into believing that R&D tax credits aren’t for them.

A fatberg weighing an estimated 130 tonnes and stretching the length of two football pitches is blocking a section of London’s ageing sewage network. The plan is to manually dismantle the monstrosity and subsequently convert the waste into 10,000 litres of biodiesel.

Norway and the Netherlands will ban new sales of petrol and diesel cars by 2025, India by 2030, Scotland and Sweden intend to enforce a ban by 2032, with the rest of the UK and France following by 2040.