How will the Spring Budget affect you and your business?
Parliament heard the Chancellor's Budget statement on Wednesday, 6 March. Several measures were relevant to small business owners and self-employed people. We have rounded up some of the key announcements that may affect you:
£360 million to boost British manufacturing and R&D
The Chancellor has today (4 March) announced a significant investment package in the UK’s life sciences and manufacturing sectors.
What are the changes to Research and Development (R&D) tax relief?
We've got you covered when it comes to R&D taxes. In this comprehensive article, we look at everything you need to know when making your claim.
Our team of specialists will ensure your claim is fully compliant so you receive all the funding you're entitled to.
The impact of changes to R&D tax legislation on R&D tax credit claims
There were a number of changes announced in the Spring Budget in March that affected R&D Tax Relief. The question is, what are they and how can you prepare for them?
More detailed information is now required for R&D
A business that invests in innovation and develops new processes, products, or services may benefit from research and development (R&D) tax relief. To make informed financial projections, you will need to understand exactly how the R&D tax relief regime works after April 2023 and April 2024.
Business Innovation in 2023: The new rules for R&D
From April, the government will introduce new rules for R&D.
In recognition of the importance of innovation in driving growth in the UK, HMRC has given tax breaks to businesses that create new products and services through research and development (R&D).
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