Can I claim R&D tax credits for a copy of an existing product?
You qualify for R&D tax credits when your company takes a risk by attempting to ‘resolve scientific or technological uncertainty’.
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R&D claims: how to apportion my employee’s time
Staff costs are considered as a qualifying expenditure for R&D tax credits. Both directors and employees who are directly engaged in the relevant R&D projects will be classed as ‘qualifying’, but you will need to proportion how much of that employee’s time is spent on the actual project.
Key Changes to R&D Tax Credit in April 2023
From April 2023, HMRC are applying a range of changes to the current R&D rules, and now is the time to prepare for them. Here are the three key changes and how they might impact your claims. Cloud and Computing Costs Firstly, they want to modernise the rules to include cloud and computing costs (finally, … Continued
What Records are needed for an R&D Claim?
Calendar entries, meeting notes, emails and WhatsApps are all useful examples of evidence that can be used to make a case.
Bounce Back Loans and R&D Tax Credits
They say that you can’t have your cake and eat it, and with Bounce back loans (BBL)/CBILS and R&D that does seem to be the case.
