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Advanced Notification Form (ANF) for R&D Tax Relief: A Helpful Guide
Claiming R&D tax relief is a crucial financial boost for innovative businesses in the UK. However, with the introduction of the Advanced Notification Form (ANF), companies must now be more proactive to secure their claims. In this blog, we will guide you through everything you need to know about the ANF, from eligibility and submission…
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HMRC Launches New Disclosure Service for R&D Tax Relief Overclaims
HMRC has introduced a new disclosure service aimed at companies that may have inadvertently overclaimed Research and Development tax relief in previous years. This initiative comes in response to the significant levels of error and fraud identified in R&D tax relief schemes. In an analysis of the 2020-21 claims, HMRC found that nearly one-quarter of…
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How does the Autumn Budget 2024 affect your innovation funding?
Exploring the changes to the innovation grants, R&D Tax and venture-lending landscape Innovation incentives, such as grants and R&D tax credits, play a crucial role in driving economic impact for the UK. In recent years, these have led to the creation of approximately 150,000 new jobs, particularly in highly skilled sectors like biotechnology, medical equipment,…
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The Cash Flow Impact of an HMRC R&D Tax Compliance Check
The Cash Flow Impact of an HMRC R&D Tax Compliance Check By Alastair Hall, R&D Management As an R&D advisor, I’ve encountered numerous CFOs and CEOs who assume their R&D tax claim process is fool-proof. Due to recent HMRC policy changes, combined with an increase in compliance checks, this assumption can have negative impacts…