The UK’s Research and Development (R&D) tax credit scheme is designed to incentivize innovation by allowing companies to claim tax relief on qualifying R&D expenditures. However, the interpretation of what constitutes eligible R&D activities has…
The First-Tier Tribunal’s recent decision in the case of Collins Construction Ltd v HMRC marks a significant moment for UK businesses claiming R&D tax credits. The tribunal ruled in favour of the taxpayer, overturning HMRC’s…
The UK government is making major changes to its R&D tax credit system from April 2024 onwards. These reforms have the stated intent of making the process easier, fairer, and targeting resources at companies that…
R&D tax credits are a cornerstone of the UK government’s strategy to encourage innovation, offering businesses a significant financial boost for eligible activities. However, navigating the complexities of the scheme can be daunting. This is…
Augmented reality (AR) is a growing area of interest for many sectors and has seen a considerable amount of research and development (R&D) conducted in recent years. This investment in AR, and Virtual Reality (VR),…
A report conducted by researchers at the Connected Places Catapult, Element Energy and Cambridge Econometric, has forecast that Connected and Automated Vehicles (CAV) will have a total market value of up to £41.7 billion in…