Randd

Not all R&D is about doing something entirely new

Doing something better, cheaper, more sustainably or cracking a trade secret can count as an advance.

How does HMRC know when replicating an advance requires innovation?

Find out in our latest blog: https://ow.ly/liL950YWyKZ

The manufacturing sector faces the often conflicting challenge to be faster, more efficient, more cost-effective and more environmentally sustainable.

Only through bold innovation can all of these goals be met, but are companies able to take the necessary risks?

Effective use of R&D tax reliefs can empower businesses to achieve these advances.

Find out how in our latest blog: https://ow.ly/WpKi50YVqjS

£20.4 billion was invested in R&D by the Government in 2024.

Against the backdrop of region-specific funding and a potential cap to UK Research and Innovation (UKRI), what might recently released statistics tell us about the future of public spending on R&D?

Read more about the evolving R&D budget situation and how it could affect your tax relief claim: https://ow.ly/2yiT50YUYev

Replacing peat in farming is crucial for the environment, but finding an effective alternative is a challenge.

R&D tax relief can help support innovation in the agriculture sector, enabling farmers to transition to sustainable practices while maintaining crop yields.

Could R&D tax relief help drive the innovation needed to support farmers in this transition?

Read more about the challenges in agriculture innovation in our new blog: https://ow.ly/FemN50YWCNf

Not all R&D is about doing something entirely new.

Doing something better, cheaper, more sustainably or cracking a trade secret can count as an advance.

How does HMRC know when replicating an advance requires innovation?

Find out in our latest blog: https://ow.ly/liL950YWyKZ

It may be tempting to assume that R&D tax relief claims are designed with larger companies in mind, yet smaller companies can still benefit from the system.

The implementation of R&D tax relief claims and the impact it has on businesses is nuanced and should be understood by innovative businesses and their accountants.

Read more about how your business can benefit from an R&D tax relief claim: https://ow.ly/8cku50YSjkO

Few things matter more than how something tastes, but HMRC have a nuanced view of innovation in this area that must be understood.

Any work done to change the flavour of food must be viewed through the critical lens that HMRC is likely to apply to it.

Can you adjust the flavour of food without your R&D tax relief claim going sour? Find out in our newest blog: https://ow.ly/Pqp250YR6i6

In the textile sector, there is a tendency to focus R&D tax relief claims on projects that see different materials used to create innovative products.

Changing materials and sustainability goals can lead to improvements in the machinery and processes on the production line, which can often count as R&D in their own right.

When are textile production lines a source of R&D? find out in our blog: https://ow.ly/FCb150YT5WU

As economic pressures mount on businesses in the UK, you might be wondering how to help your clients with R&D tax relief claims.

If your client is planning to submit an R&D tax relief claim, how can you help them succeed?

Find out how to best support your clients tax relief claim: https://ow.ly/Mt1k50YQXO0