R&D single scheme uncertainty for companies
The government has now consulted on replacing the two existing Research and Development (R&D) schemes for tax relief with a single merged scheme.
Research and Development (R&D) Tax Reliefs
R&D tax relief is a government incentive providing companies with tax breaks to encourage investment in innovative projects in the field of science and technology.
How claiming a CBILS or BBLS loan could affect your R&D tax credits claim
Many SMEs are currently claiming a loan under the Coronavirus Business Interruption Loan Scheme (CBILS) or Bounce Back Loans Scheme (BBLS), but they may be unaware of the effect this may have on them claiming R&D tax credits.
Billion pound support package for businesses driving innovation and development
The Chancellor announced a £1.25 billion support package to help protect businesses driving research and development that have been hit by the Coronavirus.
R&D Coronavirus update from HMRC
HMRC have contacted businesses to confirm their current processes and new updates for R&D claims.
Budget updates to R&D credits
The rate of Research & Development Expenditure Credit (RDEC) will increase from 12% to 13% from 1 April 2020.
