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The latest statistics show the average Patent Box claim is worth 10 times the average R&D claim. So, why are only 1.6% of R&D claimants filing Patent Box claims? HMRC’s latest Patent Box statistics show projected claims of 1,370 for the tax year to March 2020. This contrasts to R&D claims for the same period […]

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HMRC recently published Research and Development (R&D) tax credit statistics in relation to the year ending March 2020. The latest statistics show total claims of 85,900 (an increase of 16% on the prior year) and a total value of support of £7.4bn (an increase of 19%). However, whilst this appears encouraging for R&D claimants it […]

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Many companies do not pursue R&D tax relief claims as they are under the impression that the government grants, they have received, prevent them from doing so.

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One of the common misconceptions seen across all industries is the idea that R&D tax relief can only be claimed where a project has completed or where an end result was achieved successfully.

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Shortly after the government’s 2020 Spring budget was announced, CBILS was introduced as a form of government funding to help businesses through the effects of social distancing.

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