Have you had an R&D tax credit claim challenged?

If so, STOP & THINK before you respond or agree to a meeting! The HMRC inspectors know their stuff, and will send you considered, polite questions seeking “clarification”. Be under no illusion that this is a “good cop, bad cop” approach, and although your answers may help the claim get … Read More

How can R&D tax credits help UK firms attract overseas clients?

The UK is becoming well known internationally for having a generous and effective R&D tax incentives system. This includes the SME R&D Tax Credit, RDEC and the Patent Box. As a specialist in this area I’m asked increasingly by tech and biotech firms for practical advice to convert the headline … Read More

Claiming R&D Tax Credits as a Subcontractor

This article covers a poorly understood area where we have frequently seen companies miss out on the opportunity to benefit from R&D tax credits. If you are an SME working in a scientific or technical field, but have been told that you don’t qualify for R&D tax credits, you may … Read More

Grants vs R&D Tax Credits

This article will try to explain the issues around the interaction of grants and R&D tax incentives, and provide some guidance for those considering applying for grants, or for those who have already been awarded a grant and want to claim R&D tax credits.… Read More

Common mistakes that affect R&D claims

There are a number of subtleties to the process of claiming R&D tax credits that can reduce or completely eliminate the value of a claim. Whilst some are unavoidable, here is a list of things that can potentially make a significant difference to the claims made by SMEs.… Read More

R&D tax credits for manufacturing businesses

Since I’ve been handing R&D tax credit claims for a living, the companies I deal with the most are manufacturers, something that is also confirmed by the official statistics published by HMRC. Despite this, manufacturing is still an area where large numbers of companies are missing out on claims they … Read More

KTPs and R&D Tax Credits

Knowledge Transfer Partnerships or KTPs are a long established mechanism for collaboration between universities and companies, supporting innovation and transfer of capabilities from universities to companies. This article shows how to maximise your R&D tax credit claim when you have an active KTP.… Read More