UK Budget 2024: Key Changes Effective from April 2024

The UK government's Spring Budget 2024, delivered in March 2024, outlined several key changes taking effect from April 2024. These changes aim to support individuals and businesses amidst ongoing economic challenges. Here's a summary of the main points in this article.

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Research and Development Tax Relief Changes 2023

From 1 April 2023, there are several changes to the UK R&D scheme to be implemented as a result of the 2021 Budget. We felt it useful to summarise these in this week’s newsletter with some help from our Head of Tax, Misha Patel.  

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Don't Forget Your R&D Tax Credit Claim

Is your business missing out on a potential vital cash injection? Or could you reduce your corporation tax liability freeing up cash to invest in growth? In this week’s newsletter, we'll also provide a recap on the research and development tax credit essentials every business owner should know.

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R&D Tax Credit Calculator For Startups & SMEs

HMRC estimates that approximately 75% of businesses that could qualify for an R&D tax credit don’t make a claim. If you think your business would qualify and you have eligible costs which you could claim again, use our R&D Tax calculator here to get an estimate of the value of a rebate.

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Accountancy Best Practice, R&D Tax Credits Craig Williams Accountancy Best Practice, R&D Tax Credits Craig Williams

What is Research & Development Tax Relief?

Many new businesses spend the first season of their existence researching and developing a concept or a prototype. If any project on which the company works is seeking to making an advance in the fields of science or technology, the costs of that project may be eligible to provide the company with extra tax relief, through its annual corporation tax return.

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