HMRC places certain research and development claims on pause while it investigates irregularities in a bid to mitigate abuse of the relief.
Features and articles
The Spring Statement has brought little surprise in respect of R&D tax relief, confirming speculation that changes will be made.
As the existing research and development tax relief regime faces criticism that it is not working as well as it should in increasing investment, speculation rises that an overhaul is imminent.
ICAEW’s Tax Faculty expresses concerns that certain anti-abuse measures are not sufficiently targeted and will unduly impact compliant taxpayers.
HMRC’s 2020-21 financial statements report a big drop in tax revenues and high levels of fraud in £81.2bn COVID-19 support schemes.
ICAEW’s Head of Tax on the Budget, which despite announcements on business rates, R&D tax relief and a promise of future tax cuts, provided more political spectacle than detailed tax policy.
A number of measures announced in the Autumn Budget are designed to make the UK a more attractive place to do business. ICAEW’s Tax Faculty outlines the key tax-related measures, including changes to R&D reliefs and enabling companies to move their place of incorporation to the UK.
The number and monetary value of claims for tax relief for research and development expenditure increased in the year to March 2020, according to the latest statistics from HMRC. ICAEW’s Tax Faculty takes a closer look at the data.
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Practical guidance on tax reliefs related to research and development within the UK business tax regime.
A chapter on corporate tax reliefs for intellectual property, highlighting tax planning opportunities and potential pitfalls.
A chapter on capital allowances for expenditure on research and development, patents and know-how.
Guide explaining the practical and technical aspects of capital allowances and the related tax reliefs on property.
A chapter on claiming research and development tax relief for UK SMEs, providing easy to follow guidance.
A response dated 8 February 2022 to a consultation published by the government in November 2021.
A response dated 11 June 2021 to a consultation published by HMRC on 23 March 2021.
A response dated 2 June 2021 to a consultation published by HMRC on 3 March 2021.
A response dated 5 January 2021 to a consultation published by HMRC on 12 November 2020.
Some resources that we link to may pre-date the latest amendments to the relevant tax regulations. While these links contain useful information, please treat them with appropriate caution.
HMRC internal manual providing R&D rate tables, guidance and information on the treatment of R&D expenditure under SSAP 13, FRS 102, IAS 38 and FRS 105.
HMRC guidance on the different types of Corporation Tax relief available for companies that work on R&D, including specific guidance for small or medium-sized enterprises and information on claiming Research and Development Expenditure Credit .
Guide to R&D tax credits and incentives by country, including a comparison of patent box regimes across fifteen countries and general R&D incentives across 36 countries.
Research report produced by HMRC examining the take-up and use of Research and Development tax credits, and assessing their impact on R&D investment in the UK.
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