R&D Tax Relief Article Archives

R&D tax relief

Spring Statement 2025 – R&D tax relief policy impacts

Last week, the Chancellor Rachel Reeves delivered her Spring Statement. As a reminder, this Government’s fiscal framework aims for one Budget per year (usually in

Akshay Thaman | IP & Policy Lead 31 March 2025

HMRC tax and policy

Does the new merged RDEC scheme support FTT decisions?

After what seems to have been a long time coming, we are finally reaching the point where the merged R&D expenditure credit scheme will become

Luke Hamm | UK Managing Director 17 March 2025

HMRC tax and policy

HMRC releases new guidance on subcontracted and subsidised R&D activity

On 27 February 2025 HMRC released new guidance that clarifies the treatment of subcontracted and subsidised R&D activity under the SME scheme. This guidance marks

Deborah Chapple | Q&R Director 7 March 2025

Accountants

The role of professional standards in providing R&D tax relief services

Anyone involved in the R&D tax relief market will have experienced the volatility and changes the last two years have brought. Changes in rates, focus

Vicki Morrall | Accounting Partner Director 27 February 2025

R&D tax relief

Autumn Budget 2024 – implications for R&D

There is no doubt that the Chancellor outlined a big budget on 30 October. But from the point of view of R&D tax relief and Patent

Akshay Thaman | IP & Policy Lead 1 November 2024

HMRC tax and policy

What are the Chancellors options when it comes to R&D tax relief?

Every year, HMRC publishes statistics to show how the R&D tax relief schemes are being used. In recent years the focus has been on the

Luke Hamm | UK Managing Director 30 September 2024

R&D tax relief

Fraudulent behaviour in the R&D tax relief market – one sting is not enough

Anyone who is even remotely connected to R&D tax relief, or indeed tax and accounting more generally, will have now seen the excellent piece shining

Luke Hamm | UK Managing Director 30 August 2024

HMRC tax and policy

How to handle HMRC enquiries into R&D tax relief claims successfully

There has been a lot of angst in our industry about the rate at which HMRC has been opening enquiries. For Source Advisors’ clients who

Vanessa Cooper | Tax Director 15 August 2024

R&D tax relief

What do the 2024 General Election Manifestos mean for innovation?

With the election in full swing and reaching a key point this week with the eagerly awaited manifesto launches, we look at what the Labour

Luke Hamm | UK Managing Director 14 June 2024

R&D tax relief

What did the Chancellor announce in the 2023 Autumn Statement?

Confirmed date for the merged R&D tax relief scheme The headline news is that plans for a single R&D tax relief scheme, which merges the

Akshay Thaman | IP & Policy Lead 23 November 2023

R&D tax relief

What to look out for at next week’s Autumn Statement – November 2023

The Autumn Statement, a pivotal moment on the UK’s fiscal calendar, promises a glimpse into the government’s economic roadmap and policy priorities. With this year’s

Akshay Thaman | IP & Policy Lead 14 November 2023

R&D tax relief

R&D tax relief hits the headlines for the wrong reasons

You may have seen that the R&D tax relief schemes have been hitting the headlines again this week. There has also been a flurry of

Akshay Thaman | IP & Policy Lead 19 July 2023

R&D tax relief

UK innovation on a global stage – what does University of Cambridge report tell us?

In March 2023 the Institute for Manufacturing, University of Cambridge published the UK Innovation Report with the aim of benchmarking the UK’s industrial and innovation

Akshay Thaman | IP & Policy Lead 17 July 2023

R&D tax relief

GovGrant partners with Source Advisors

Roll the clock back to 2006 and R&D tax was a thing people barely knew about. Compare that to now where it dominates the government

Luke Hamm | UK Managing Director 31 March 2023

R&D tax relief

Spring Budget 2023 – our initial response

What did the Chancellor announce in the Spring Budget today? The R&D tax relief schemes were again mentioned by The Chancellor of Exchequer, Jeremy Hunt

GovGrant 15 March 2023

R&D tax relief

Contingent fees – a positive sign that we’re aligned to our clients

In recent press coverage, I’ve noticed that some commentators have used the term “no win, no fee” as a derogatory indicator of poor practice. That

Luke Hamm | UK Managing Director 25 November 2022

R&D tax relief

Firms cash in on questionable tax credits – our thoughts

You may have seen an article in The Times this weekend, titled ‘Free money from HMRC’: firms cash in on questionable tax credits. The article

Luke Hamm | UK Managing Director 2 November 2022

R&D tax relief

Does claiming R&D tax relief always stack up financially?

Core to this question is balancing the cost of making a claim vs the benefit your business receives in tax relief. Of course, this depends

GovGrant 20 September 2022

R&D tax relief

Are Scottish businesses still missing out when it comes to R&D tax relief and Patent Box?

We know that businesses in Scotland have a proud tradition of innovation and invention but are Scottish businesses benefitting fully from HMRC’s innovation incentives? These

Colin Barr 9 August 2022

R&D tax relief

Get ahead with your R&D tax relief

Your R&D tax relief claim can’t be an afterthought For too long, and for too many, R&D tax relief has been a tick box exercise

GovGrant 22 June 2022

R&D tax relief

What’s changing in the R&D tax relief market?

The conversation that GovGrant has been having with our clients over the last 5 years has evolved. We started with “have you heard about R&D

Luke Hamm | UK Managing Director 9 February 2022

R&D tax relief

How to select the right R&D advisor for your business?

There are currently a lot of players in the exceptionally crowded space of R&D tax credits. As a consequence, there are probably a lot of

Luke Hamm | UK Managing Director 9 February 2022

R&D tax relief

Tomcat SNI – inventions with a social purpose

When the words ‘R&D tax credits” are mentioned, people often think of white lab coats, test tubes, and rocket ships. Whilst these activities are likely

GovGrant 5 January 2022

R&D tax relief

R&D tax credit calculator – What is it really telling you?

We know that a lot of competitors have a “calculator” on their website or examples of R&D claims. We’ve never felt that this was necessary,

Luke Hamm | UK Managing Director 19 November 2020

R&D tax relief

HMRC report failings in R&D tax credit claims

HMRC recently reported on the outcome of a first-tier tax tribunal case investigation into an R&D tax claim, in the case of Hadee Engineering Co

Stephanie Taylor | Senior Tax Manager 28 October 2020

R&D tax relief

When is a disruptor really a distraction?

I am a change agent, always have been. I love to challenge the status quo of our business, with a drive to improve the outcomes

Luke Hamm | UK Managing Director 22 September 2020

R&D tax relief

Furlough and R&D tax credits: Can you claim relief?

We have had some clarification from HMRC on how companies furloughing staff deal with claims under the SME R&D tax relief or Research and Development

Vanessa Cooper | Tax Director 16 September 2020

R&D tax relief

Are Scottish businesses missing out when it comes to R&D tax incentives?

In the UK companies are able to claim tax relief for their R&D activity. This government scheme is designed to boost innovation by supporting businesses

Derek Granger 21 August 2020

R&D tax relief

Accelerate cashflow thanks to your R&D

R&D tax credits provide a real financial benefit to UK companies. As part of the UK governments commitment to R&D and innovation, it is one

Luke Hamm | UK Managing Director 7 April 2020

R&D tax relief

Yorkshire firm gets £90,000 boost from tax scheme – and urges others to check if they’re eligible

Hebden Bridge-based Urban Cottage Industries has secured £90,000 under the R&D tax credit scheme. The company is a bespoke manufacturer of high quality, retro and

Dominic Bartholdi | Head of Business Development 8 July 2019

R&D tax relief

GovGrant urges separation of audit and consultancy in order to embrace contingent fees for consultancy services

The CEO of one of the UK’s leading innovation tax specialists has called for contingent fees to be fully embraced by clients seeking the best

Steve Phillips | Chief Financial Officer 3 July 2019

R&D tax relief

GovGrant targets agritech and vertical farming to support innovation in food production

GovGrant, the innovation tax specialist that helps businesses secure tax breaks for their R&D and intellectual property, has targeted ‘vertical farming’ for future business development. GovGrant

GovGrant 13 June 2019

R&D tax relief

GovGrant urges action on innovation tax credit fraud but to keep the claim process simple

GovGrant CEO Luke Hamm has welcomed HMRC’s (HM Revenue & Customs) decision to crack down on abuse of the R&D tax relief system. GovGrant, which

Luke Hamm | UK Managing Director 7 June 2019

R&D tax relief

Medtech and biopharma can drive the UK growth agenda and more support should be given

The UK’s biopharma and medtech sector is a world class sector with potential for stellar growth, according to Luke Hamm, CEO of GovGrant, which helps

Luke Hamm | UK Managing Director 3 May 2019

R&D tax relief

GovGrant featured in Envirotec Magazine

The government is giving more of a boost than ever before to the UK’s most innovative companies, according to the latest full-year statistics from HMRC.

GovGrant 19 December 2018

R&D tax relief

GovGrant featured in GTMA Aerospace Executive briefing

Charles Darwin said that ‘it’s not the strongest of the species that survive, nor the most intelligent, but the one that is most responsive to

GovGrant 30 August 2018

R&D tax relief

Not enough insurtechs in FCA Sandbox – Insurance Times feature

This year saw only three insurtechs in the FCA Sandbox out of 29 firms in total.

Luke Hamm | UK Managing Director 24 August 2018

R&D tax relief

Innovation the key for better business

One of the more heartening aspects of this year’s Federation of Small Business (FSB) innovation survey is that SMEs know they need to innovate, particularly

Luke Hamm | UK Managing Director 22 August 2018

R&D tax relief

CEO featured in Insurance Times

The insurance industry is missing out on claiming back research and development (R&D) tax.

Luke Hamm | UK Managing Director 22 August 2018

R&D tax relief

Why SMEs are not accessing R&D tax credits

The Federation of Small Business (FSB) innovation survey stands out like a sore thumb. There are a huge number of SMEs not accessing or not

Luke Hamm | UK Managing Director 14 August 2018

R&D tax relief

Most small businesses are innovating

Results from this year’s Federation of Small Business (FSB) innovation survey make for interesting reading.

Luke Hamm | UK Managing Director 8 August 2018

R&D tax relief

GovGrant featured in Insurance Edge

Insurtech is the buzzword in the insurance industry right now, with dozens of UK start-ups all trying out new ideas and often hungry for investment

GovGrant 16 July 2018

R&D tax relief

Shine a light on hidden innovation

Hidden innovation needs to be brought out from the shadows and into the spotlight.

Luke Hamm | UK Managing Director 20 June 2018

R&D tax relief

Industry 4.0 A flashy catchphrase or the next industrial revolution?

The term “Industry 4.0” originates from a project in the high-tech strategy of the German government promoting the computerisation of manufacturing and adopted globally as

Luke Hamm | UK Managing Director 16 May 2018

R&D tax relief

There’s a revolution going on way out west

It may be best known for cider and clotted cream, but there is a revolution going on in the South West of the UK with

Luke Hamm | UK Managing Director 24 April 2018

R&D tax relief

R&D tax relief: what, when and how

If you have a company that does a lot of research and development, you will want to look into the R&D tax claims you can

Luke Hamm | UK Managing Director 3 April 2018

R&D tax relief

R&D tax relief: is it worth the effort?

Getting a tax credit for making your business better and more efficient, or for bringing a new product to light, is a great thing. It

Luke Hamm | UK Managing Director 27 March 2018

R&D tax relief

R&D spending, European trailblazers and Brexit implications

The new official bulletin on R&D spending statistics makes for fascinating reading from a business point of view. Produced annually by the Office for National

Luke Hamm | UK Managing Director 22 March 2018

R&D tax relief

What can make claiming a R&D tax credit complicated?

When assessing research and development projects, knowing which ones qualify for R&D tax credits can help you plan your strategy and budget. When spending money

Luke Hamm | UK Managing Director 13 March 2018

R&D tax relief

What to expect from GovGrant

Are you the owner of a small or medium-sized enterprise (SME) in the UK and think that you could be entitled to research and development

Luke Hamm | UK Managing Director 27 February 2018

R&D tax relief

Here’s hoping that Georgie will shine the spotlight on R&D

If I was being completely honest I am really not sure how I would react if a member of my team told me they were

Luke Hamm | UK Managing Director 16 February 2018

R&D tax relief

What are the steps in completing an R&D tax credit?

If you are a business owner or manager with a company presence in the UK, you may be eligible for research and development (R&D) tax

Clive Flood | Chief Operating Officer 6 February 2018