R&D Tax relief
Subcontractor costs - Merged scheme
Claiming subcontractor costs can be one of the more complicated areas of preparing and R&D tax claim. Here’s our quick guide on subcontractor costs and how they affect R&D tax relief claims. What is meant by subcontractor costs? In this context, ...
Categories of eligible expenditure - Merged scheme
The R&D qualifying expenditure for tax credits includes the costs of paying people to do the work, paying for the consumables used during the work, and paying for external resources where necessary. Most costs are common to both schemes, with some ...
R&D Tax Relief: Merged scheme basics
The R&D Tax Relief Scheme was introduced in the U.K. in 2000 to support and reward companies undertaking the costly and sometimes onerous business of research and development. This guide aims to give you an idea of how to assess your client’s R&D tax ...
HMRC enquiries
Few people relish a conversation with “the tax man”. Research and Development tax relief enquiries from HMRC are inconvenient at best, and at worst they can lead to a long drawn-out and costly process. However, in reality they are usually nothing to ...
PAYE/NIC cap
On 1st April 2021, the PAYE/NIC cap on payable credits came into force. Here's our guide on how this affects SME R&D tax relief claims. What accounting periods are affected by the cap? The cap applies to any accounting periods beginning after 1st ...
Grants and RD tax relief
The interaction of grants and R&D tax credits can be complex, but it's very important to get it right - treating grants incorrectly can lead to vastly over or under-claiming R&D tax relief. However, there are a few simple rules that can help you get ...
Calculating tax benefit
Quick guide to calculating the benefit of your client's R&D tax relief claim The calculation of tax benefit from a R&D tax relief claim can be complicated. The R&D tax credit rates of relief differ between the schemes, for companies in profit and ...
Subcontractor costs - SME and RDEC
Claiming subcontractor costs can be one of the more complicated areas of preparing and R&D tax claim. Here’s our quick guide on subcontractor costs and how they affect R&D tax relief claims. What is meant by subcontractor costs? In this context, ...
Claiming for furloughed workers
As a reminder, the CJRS was launched in March 2020, and forms the cornerstone of the Government’s support to businesses during the Covid-19 crisis. It originally enabled employers to furlough employees and claim back 80% of the salary costs of these ...
Categories of eligible expenditure - RDEC and SME
The R&D qualifying expenditure for tax credits includes the costs of paying people to do the work, paying for the consumables used during the work, and paying for external resources where necessary. Most costs are common to both schemes, with some ...
Turnover and balance sheet assets
A company's SME status for the purpose of R&D tax relief is determined by both the staff headcount and the turnover and balance sheet total. In this context, the balance sheet total is the gross amount of assets shown in the accounts. The turnover ...
Assessing technical eligibility
Assessing technical eligibility When working out what work qualifies for R&D tax relief, you have to consider two things - is the work a project according to HMRC, and, if it is, does the work qualify? Project definition for R&D tax relief HMRC ...
R&D Tax Relief: SME and RDEC basics
The R&D Tax Relief Scheme was introduced in the U.K. in 2000 to support and reward companies undertaking the costly and sometimes onerous business of research and development. This guide aims to give you an idea of how to assess your client’s R&D tax ...