The 2018 Budget demonstrates the government’s commitment to Research and Development (‘R&D’) funding, which it recognises as being a key driver of economic growth, but also introduces measures to crackdown on R&D tax relief fraud.

Newly released HMRC statistics show an increase of 714% in the amount of R&D (research and development) tax relief savings being claimed by Welsh companies over the last seven years, the second highest level of growth across the UK.

esearch and development tax relief savings claimed by Scottish companies have risen by 375 per cent over the last seven years.

New statistics show that manufacturing companies are falling behind their counterparts in the information and communication sector in making R&D tax relief claims.

This year’s HMRC statistics once again highlight the success of R&D tax credits in driving forward innovation in UK business.

The UK’s renewable energy sector continues to adjust to the post-subsidy environment.

Recent developments have led to several exciting emergent technologies that will provide greater benefit to the Energy and Environmental sectors.

Claiming R&D tax relief isn’t exactly rocket science is it? Sorry to disappoint you, but yes it is actually.

We feel privileged to have been able to help talented innovative UK businesses access the benefits of R&D tax relief.