Finance and insurance are really important contributors to the UK economy; therefore, the government offers remunerative funding schemes as an economic strategy to drive innovation in these sectors. One of the most effective tools driving innovation in the UK financial and insurance sector is the R&D tax claim scheme. This scheme provides beneficial R&D tax […]
In the past few years, the government has brought several changes to the regulations around the R&D tax relief scheme to streamline the process, attain better control over compliance, and reduce abuse of the scheme. Recently, on legislation day, 18th July 2023, the UK government published a draft of legislation proposing the merge of R&D […]
The UK government has been rewarding innovative projects to incentivise companies from every domain to invest in research and development. R&D tax credit claims are highly lucrative and generous and have been attracting companies from every sector engaged in research and development projects to make claims and receive cash credits or tax reductions. Over the […]
