Are you submitting an R&D Tax Relief claim to HMRC?
From 1st August 2023, HMRC are requiring that R&D Tax Relief submissions will need to be accompanied by an ‘additional information form’ containing detailed information about your projects. Don’t worry as we take care of this paperwork for you, but we are anticipating that HMRC will incur significant delays in processing claims, therefore we advise you submit your claim this month to avoid delays to your benefit.
If you’re curious to know what HMRC are expecting to see in the form, you can find out what you need to prepare here.
If you have any questions about these requirements, reach out to a member of our team at rrabess@rck.partners.
Microsoft has announced a £2.5 billion investment into the UK to boost AI development. The funding will go towards new datacentres, GPUs, and training over 1 million people in AI skills, strengthening the UK’s digital infrastructure and workforce. This move positions the UK as a key player in global AI innovation, provided the right policies and partnerships support it. Lord Iain McNicol welcomed the news, highlighting the importance of large-scale investment for growth and skilled jobs. We encourage technology companies to explore how R&D tax relief can help them benefit from opportunities created by this investment.
Want to submit an R&D tax relief claim but sit within the defence industry? This article outlines the process we follow at RCK for defence clients, taking into account the security protocols and confidentiality requirements in this sector.
Sophie Spells, Head of Legal, Data and Compliance at RCK Partners, reflects on the importance of proper governance and outlines key steps for businesses looking to scale with governance at the forefront.
