You are not alone. The turnaround time for R&D tax credit claims reached 95 days last month. That’s more than three times HMRC’s own target of 28 days. It’s even worse for those companies that have submitted a Research and Development Expenditure Credit (RDEC) claim. HMRC’s processing time for these type of claims is now [...]
Grand Theft Auto is now owned by the American company Take-Two Interactive, after starting life as DMA Design in Dundee then developed by Rockstar North and Rockstar Games. Last year their profits doubled to £8.3billion. The game is the most over 280 million copies worldwide and made the company £1bn over three days when it [...]
The Coalition for a Digital Economy (COADEC) recently reported on their research into the UK’s Research and Development Tax relief system with a focus on start-ups. Their summary presents seven recommendations to improve our current procedures, which we are focusing on here. Background Our last blog article contains information about COADEC’s research, including: international comparisons [...]
New research from the Coalition for a Digital Economy (COADEC) highlights several ways our R&D tax relief system could be improved. Updating definitions of what constitutes R&D and simplifying the administrative burden are two of their key findings. But will the government listen when they present to digital minister, Margot James? Are changes to R&D [...]
