Forget the budget, we need to be thinking longer-term

Budget Forget the budget, we need to be thinking longer-term

2w Rachael King

Forget the budget, we need to be thinking longer-t...

Amid economic uncertainty, UK political parties are betting on innovation-driven sectors like technology, manufacturing, and green energy to power gro...

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Businesses save £1.4 billion in corporation tax through Patent Box scheme

Corporate Tax Businesses save £1.4 billion in corporation tax through Patent Box scheme

3w Accountancy Age, Reporters

Businesses save £1.4 billion in corporation tax th...

The amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...

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Tech leaders debate AI skills shortage in Parliament

Business Tech leaders debate AI skills shortage in Parliament

4w Rachael King

Tech leaders debate AI skills shortage in Parliame...

Technology industry leaders are pressing the government for substantial investment to prepare the next generation with essential digital and AI skills...

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Navigating the new normal: The strategic turn to outsourcing in R&D tax services

R&D Navigating the new normal: The strategic turn to outsourcing in R&D tax services

1m Rachael Kennedy

Navigating the new normal: The strategic turn to o...

Amidst complex regulations and a crackdown on fraud, UK accounting firms are increasingly turning to outsourcing as a strategic approach to ensure com...

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R&D tax changes risk deterring business investment, Lords report warns

HMRC R&D tax changes risk deterring business investment, Lords report warns

2m Accountancy Age, Reporters

R&D tax changes risk deterring business investment...

The House of Lords Economic Affairs Finance Bill Sub-Committee has published a report today (February 1) raising concerns over the Government’s ...

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UK Accountants brace for significant tax changes in 2024

Administration UK Accountants brace for significant tax changes in 2024

3m Accountancy Age, Reporters

UK Accountants brace for significant tax changes i...

The upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...

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Is consolidation the answer to the UK’s R&D advisory problem?

HMRC Is consolidation the answer to the UK’s R&D advisory problem?

3m Rebeca Clark

Is consolidation the answer to the UK’s R&D adviso...

Amidst rising fraud and complexity, the consolidation of the UK’s R&D advisory market could be the key to unlocking reliable, efficient, and compliant...

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HMRC scrutiny driving surge in R&D outsourcing, expert says

HMRC HMRC scrutiny driving surge in R&D outsourcing, expert says

7m Sam Alberti

HMRC scrutiny driving surge in R&D outsourcing, ex...

Many have criticised the pace of change in the UK's R&D regime in recent years Read More...

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Understanding the new R&D regulations: cloud computing, data license and pure mathematics

Cloud Understanding the new R&D regulations: cloud computing, data license and pure mathematics

9m Duncan Edwards, Incentives and reliefs senior manager, Markel Tax

Understanding the new R&D regulations: cloud compu...

Duncan Edwards, Incentives and Reliefs Senior Manager at Markel Tax, explains the motivations behind the recent changes to the R&D regime Read More...

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HMRC R&D raid poses “significant risk” to accountants

HMRC HMRC R&D raid poses “significant risk” to accountants

10m Sam Alberti

HMRC R&D raid poses “significant risk” to accounta...

HMRC investigations into R&D claims will have risen by 900% in the past four years, research suggests Read More...

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Pace of R&D change ‘adding complexity’ for accountants

R&D Pace of R&D change ‘adding complexity’ for accountants

10m Sam Alberti

Pace of R&D change ‘adding complexity’ for account...

The lack of a clear reform roadmap risks erosion of trust in the R&D system, one expert says Read More...

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Over half of SMEs opposed to R&D reform, study finds

Business Over half of SMEs opposed to R&D reform, study finds

11m Sam Alberti

Over half of SMEs opposed to R&D reform, study fin...

'The scheme needs to be set out in a better way than the government is proposing' Read More...

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‘Arbitrary’ new R&D threshold could encourage fraud

Brexit & Economy ‘Arbitrary’ new R&D threshold could encourage fraud

12m Sam Alberti

‘Arbitrary’ new R&D threshold could encourage frau...

40% R&D threshold is an "arbitrary" number and may exclude many SMEs, accounting experts caution Read More...

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‘Further complexity’: accountants split on new R&D reliefs

Budget ‘Further complexity’: accountants split on new R&D reliefs

1y Sam Alberti

‘Further complexity’: accountants split on new R&D...

New R&D tax measures mark 'return to generosity' but add complexity, argue accounting experts Read More...

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The future of R&D tax relief?

R&D The future of R&D tax relief?

1y Emma Rawson, ATT Technical Officer

The future of R&D tax relief?

ATT technical officer, Emma Rawson, takes a look at the challenges arising from the proposed new combined R&D relief scheme Read More...

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R&D exodus for UK STEM amid ‘complexity and uncertainty’

HMRC R&D exodus for UK STEM amid ‘complexity and uncertainty’

1y Sam Alberti

R&D exodus for UK STEM amid ‘complexity and uncert...

Half of all STEM businesses plan to move R&D activity overseas due to forthcoming changes Read More...

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R&D tax relief reform “isn’t enough” to prevent bogus claims, inquiry finds

R&D R&D tax relief reform “isn’t enough” to prevent bogus claims, inquiry finds

1y Sam Alberti

R&D tax relief reform “isn’t enough” to prevent bo...

An estimated £469m worth of R&D-related error fraud occurred in the 2021/22 financial year Read More...

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UK to consult on ‘radical simplification’ of R&D regime

R&D UK to consult on ‘radical simplification’ of R&D regime

1y Sam Alberti

UK to consult on ‘radical simplification’ of R&D r...

The new scheme will seek to allow businesses to more effectively budget for R&D expenditure Read More...

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SMEs reeling from slashed R&D tax reliefs, experts say

Business SMEs reeling from slashed R&D tax reliefs, experts say

1y Sam Alberti

SMEs reeling from slashed R&D tax reliefs, experts...

The attempt to reduce bogus claims has been described as a ‘sledgehammer to crack a nut’ Read More...

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Autumn Statement 2022: R&D relief for SMEs slashed

Budget Autumn Statement 2022: R&D relief for SMEs slashed

1y Sam Alberti

Autumn Statement 2022: R&D relief for SMEs slashed

The changes come amid “concerning” reports of abuse and fraud in R&D tax relief for SMEs, according to Chancellor Jeremy Hunt Read More...

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HMRC R&D fraud clampdown deterring authentic claims, experts say

R&D HMRC R&D fraud clampdown deterring authentic claims, experts say

1y Sam Alberti

HMRC R&D fraud clampdown deterring authentic claim...

The total value of R&D claims in the UK fell by 4% between 2019/20 and 2020/21 Read More...

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Total UK R&D claim value falls for the first time ever

R&D Total UK R&D claim value falls for the first time ever

1y Sam Alberti

Total UK R&D claim value falls for the first time ...

Meanwhile, an uptick in the number of claims appears to show an innovation investment slump Read More...

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SMEs can “extend runway” with R&D regime changes

R&D SMEs can “extend runway” with R&D regime changes

2y Sam Alberti

SMEs can “extend runway” with R&D regime changes

Proposed reforms to the UK’s R&D tax regime could see a clamp down on “opportunistic advisers” Read More...

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Spurious R&D claims an “unbelievable” drain on company resources

R&D Spurious R&D claims an “unbelievable” drain on company resources

2y Sam Alberti

Spurious R&D claims an “unbelievable” drain on com...

Abuse of the system will highlight the value of trustworthy advisers, according to one expert Read More...

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