How the changes to subcontracted R&D expenditure guidelines affect SME scheme claims
Following a ruling by the First-tier Tribunal (FTT), which settles legal disputes on tax and other matters related to government, HMRC has been forced to clarify the guidance for SMEs claiming R&D tax relief on ‘contracted out’ and ‘subsidised expenditure’. You can read more on the specific court case in our article, HMRC court case: […]
Key updates: HMRC court case: Impact on your R&D Claim
A Strong Victory for Taxpayers Over ‘Subcontracted’ and ‘Subsidised’ R&D Rules for SMEs On December 19, 2024, the First-tier Tribunal (FTT) ruled in favour of Stage One Creative Services Ltd (SOCS) in the case Stage One Creative Services Ltd v HMRC [2024] UKFTT 1059 (TC) offering a significant win for taxpayers interpreting the rules around […]
Save Water Save Money
About the client “Save Water Save Money (SWSM) are a company dedicated to promoting water efficiency in the UK, founded in 2007. Our work involves partnering with UK water companies to provide physical retrofit products for homes and businesses, helping improve water conservation efforts. Over the years, we’ve also developed an innovative software platform that […]
Webalytix Limited
About the client Webalytix, founded in 2009, is an analytics and customer insight consultancy specialising in advanced data science solutions. We help businesses understand their customers, optimise marketing performance, and drive growth through cutting-edge analytics and innovative methodologies. By blending proven techniques with forward-thinking strategies, we empower clients to make data-driven decisions that maximise ROI […]
Everything you need to know about the merged R&D scheme in 2025
The UK’s R&D tax relief regime has experienced its biggest shakeup in years. Instead of separate schemes for SMEs and large companies, there is now a single merged R&D scheme. The change will impact everyone who plans to claim R&D Tax Credits for accounting periods starting on or after 1 April 2024. In practice, this […]
What is an R&D project?
Many people associate R&D projects with work carried out using test tubes in laboratories, conducted by people wearing long white coats. But R&D isn’t limited to just lab work. It takes place in offices and factories (or even in your employees’ homes if you offer remote working!). Research and development naturally occurs when a business […]
Claiming R&D Tax Credits for software development projects
Software development is essential for driving some of the UK’s most exciting industries, such as cybersecurity, fintech, robotics, artificial intelligence, medical technology, telecommunications, and quantum computing. It also plays a huge role in supporting innovation across a wide range of industries, often supporting advanced R&D projects with new ways to capture and analyse data to […]
How R&D Tax Credits are changing from April 2023 and April 2024
There have been a series of significant R&D Tax Relief changes that came into effect for accounting periods starting on or after 1st April 2023, with further changes coming in on 1st April 2024. In brief, the 2023 rates were rebalanced so that businesses claiming under the R&D SME scheme now receive a lower rate […]
Revolutionising R&D Tax Relief: A Crucial Update for Your Business
Navigate the transformative landscape of Research and Development (R&D) tax relief and discover how these changes directly impact your business. In this webinar, we dissected the Chancellor’s Autumn Statement, unveiling a merged scheme set to revolutionise the R&D tax regime. We delved into the details, including the timeline, contracted-out R&D, subsidised expenditure, and the pursuit […]
Winch Design
With some of the larger consultancies, you often find yourself paying for the ‘brand’. Sometimes this seems to involve little more than them just putting their logo on a piece of work you could have done yourself. With Leyton, it is not just the brand you are getting but also their technical knowledge which sets […]