Rise in Number of R & D Tax Credit Claims

First published on 21 October 2019 by Alastair
  • Categories:
  • Tax News
  • HMRC
  • General News

Statistics recently published by HMRC show that from 2015/16 to 2016/17 there has been a 22% increase in the number of claims for Research and Development Tax Credits (R&D) by small and medium size entities.

In response, HMRC has made internal changes to increase its efficiency in handling the claims, meaning that there really has been no better time to consider R&D than now.

And the news gets better. M&S Accountancy and Taxation Ltd is experienced in advising and assisting with R&D: services which have resulted in significant tax reliefs being secured for our clients. Indeed, we published a detailed article on R&D on our website only last month  https://www.msactax.co.uk/news/research-development-tax-relief-for-your-company/

If you think Research and Development Tax Credit is something your business might be able to claim, please get in touch. We'd be glad to help.

 

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