20 June 2022

HMRC Suspends payment of some R&D Tax Credits

8 March 2022

Celebrate International Women’s Day 2022 With Us!

Jeffreys Henry is committed to the progression of equality for all women and so in recognition of International Women’s Day 2022, we wanted to share the experiences of some of the wonderful women working with JH, as well as their perspectives on how things have progressed for women working in accounting. A big thank you to all the women who shared their inspiring stories with us! Together, we can #BreakTheBias.
31 January 2022

HMRC tackle SME R&D Tax Relief abuse

HMRC has released its review of R&D tax relief (also known as R&D tax credit), alongside details that confirm extra measures that will be put in place to end the abuse of R&D tax relief. Recent data suggests a loss of over £300 million due to fraud and error in R&D claims. In such cases, companies had claimed cash through the payable tax credit, despite having no R&D activity. Moreover, HMRC have also identified structures that had been set up with the intention to claim the payable tax credit, despite there being little employment or activity in the UK.
11 January 2022

Significant R&D Tax Relief Changes

1 November 2021

Key steps to a successful R&D tax relief claim

Key steps to a successful R&D tax relief claim. HMRC have displayed no sign of relaxing their position in respect of R&D tax credit claims in terms of querying both eligibility and qualifying expenditure.
20 May 2021

What would you do with an extra £102,000?

£102,000 – that’s the average amount we’ve secured in R&D tax relief for our clients. R&D tax relief is one of the best tax reliefs available to both loss-making and profit-making companies.
9 March 2021

SME R&D Tax Credit & the new PAYE Cap

HMRC have introduced a restriction for the amount of R&D tax credit received by SMEs in a year. Effective from 1 April 2021, the cap is set at £20,000 plus three times the company’s total PAYE and NIC liability for SMEs claiming R&D tax credits.
18 November 2020

R&D Tax Relief for Food & Beverage Innovators

Research & Development (R&D) tax relief is often overlooked by food and beverage manufacturers, product developers, food scientists, and food clinical researchers.
26 May 2020

SME R&D Tax Relief – Impact of CBILS, Bounce Back Loans and State Aid

The government has classed the CBILS and the Bounce Back Loan as ‘Notified State Aid’ (NSA) under the European Commission’s new Temporary Framework for COVID-19. If a company receives CBILS or the Bounce Back Loan, then it will not be possible to claim SME R&D Tax Relief for that project as a company can only be in receipt of one form of NSA on any one project.