R&D Tax Credits
Research and Development (R&D) tax relief applies to companies who have incurred costs when developing new products and practices.
The tax relief is a focal point of the government’s strategy to encourage innovation and business development across the UK. A common misconception with R&D tax relief is that it only applies to large, multinational corporations, at UNW we have successfully worked on the claims of firms of varying sizes and turnovers.
We have a deep knowledge of the relevant legislation and act for numerous clients in explaining the legislation and identifying the qualifying projects/R&D that has been undertaken. We then ensure that the R&D claim is processed, often alongside the company’s tax return for the year, to ensure that the benefit of any R&D claim is obtained at the earliest opportunity.
What is the background? HMRC undertake reviews to ensure employers are complying with their tax and National Insurance (NI) obligations.
Due to the ongoing issues relating to the coronavirus pandemic and its impact, HMRC has announced that it will waive
At the end of May 2021, HMRC issued its Revenue and Customs Brief 7 detailing the policy pertaining to reclaiming
The government has announced today (21 December 2021) additional economic support to help businesses who have been most impacted by