Kirby & Haslam

Has the R&D Bubble Burst?

Has the R&D bubble burst? Photo of bubbles

There’s been a lot of talk online about whether the R&D bubble has burst, so we’re continuing the conversation in our latest blog.

RDI Has Gone Bust. What Do I Do?

Close-up empty office reflecting that RDI has gone bust

Picture this: You’ve been relying on RDI Solutions, or any R&D tax credits advisory firm, to support your latest R&D project. They’ve been instrumental in your research and development claim by submitting it on your behalf.

But RDI has gone bust. What’s your next move? In this blog, we’ll walk you through the steps to take if your trusted R&D tax credits advisor hits a rough patch, leaving your finances and potential refunds from HMRC in limbo.

Are You Ready For the New R&D Scheme?

Recent months have felt tumultuous across the R&D world, from the sudden closure of large advisor firms to procedural changes being introduced. Following the spring budget and the long-term anticipation for the merging of the SME and RDEC scheme, the changes can be felt across UK businesses and have brought alongside them a growing sense of concern. We’re here to help ground your understanding of the current landscape, and assist in navigating these legislative changes.

A Closer Look at HMRC’s Additional Information Forms

From the 8th of August 2023, claims submitted for the Research and Development (R&D) tax relief scheme have been required to send in advance an Additional Information Form (AIF). This change was originally announced in April of this year, and here at Kirby and Haslam, we have been working to streamline this transitional period for our clients as much as possible. Now, a month on from these regulation changes taking effect, it’s hugely important to understand how these procedures can potentially impact your claim. 

Debunking R&D Tax Credit Myths

R&D tax credits are a fantastic opportunity that rewards UK businesses for their innovation, but with so much misinformation floating around online, this government-led scheme can seem confusing and therefore is often under-utilised. With over 20 years of experience, Kirby and Haslam have the expertise to separate facts from fiction. We have broken down the most common R&D Tax Credit myths to help you feel confident in your claim.

The Importance of HMRC Compliance for Modern Businesses

As a respected specialist in the field of HMRC compliance and taxation, Steven Powley, Kirby & Haslam’s Commercial Manager, shares his keen understanding of the importance of maintaining HMRC compliances for modern businesses. With years of experience in helping businesses navigate complex tax regulations, he shares his insights into why HMRC compliance is crucial, and why working with experienced and trusted partners like Kirby & Haslam is essential.

Staying Ahead of Compliance Changes

In today’s rapidly evolving business landscape, keeping up with the latest changes in compliance is crucial for companies seeking to maximise their Research and Development (R&D) tax credit claims. At Kirby & Haslam, we understand the challenges businesses face in navigating these complex regulations.

Research & Development Tax Credit Changes from April 2023

The UK’s Research & Development (R&D) Tax Credit Scheme is a government incentive, introduced in 2000, aimed to encourage businesses to invest in innovation projects. Providing tax relief for companies who undertake R&D, the scheme helps offset costs associated with research investment.

Research & Development in the United Kingdom

Research and development (R&D) plays a vital role in the United Kingdom’s economy, helping to drive innovation, increase productivity and competitiveness whilst also supporting growth. The UK has a long-standing tradition of scientific and technological excellence and is home to many world-leading universities and research institutions.