Here’s Why You Probably Don’t

R&D tax relief is an extremely valuable incentive for innovative businesses, which is precisely why it is so frequently misunderstood and misapplied.

HMRC has significantly increased its level of scrutiny of R&D tax credit claims. What was once a relatively low‑intervention process has evolved into a regime characterised by detailed compliance checks, longer processing times, and more frequent enquiries.

In the Autumn Statement delivered in November 2022, the government announced significant reforms to the UK’s R&D tax relief schemes.