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…
Towards the end of 2020, draft legislation confirmed the introduction of a new cap that aims to reduce the number of fraudulent claims for Research and Development (R&D) tax credits, by small and medium-sized enterprises…
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…
Rishi Sunak delivered the Spending Review to Parliament on 25 November 2020, detailing how the Government is going to fight against the coronavirus which includes significant increases in Research and Development (R&D) funding.
HM Revenue and Customs (HMRC) has revealed that British mining and quarrying organisations have been looking to invest in new technological innovations and have subsequently received £5 million in tax credits for their Research and…