Insights - Frazier & Deeter

A Period of Calm for R&D Tax Relief Claimants?

Overview: 2021 Spring Statement introduced the PAYE Cap which would limit the payable tax credit to a maximum amount of £20,000 plus 300% of the company’s total PAYE. 2022 Spring Statement focused on expanding R&D tax relief to cover data and cloud computing costs...

HMRC’s Consultation on Inclusion of Overseas Expenditure in R&D Tax Relief Claims

Discover insight into HMRC’s latest guidance on contracted overseas expenditure. Gain a thorough understanding of the legislative framework, exemptions, conditions, evidence requirements, transfer pricing considerations and essential takeaways for optimizing...

Overhaul of the UK ‘Non-dom’ Regime: Changes announced in the Chancellor’s 2024 Spring Budget

The Chancellor of the Exchequer delivered his Spring Budget to the House of Commons on 6 March 2024. This update focuses on the key announcements outlined by the government in that Budget that will impact the current tax treatment of non-UK domiciled individuals...

Boosting UK SMEs: Key Highlights from the Chancellor’s 2023 Autumn Statement

The Chancellor of the Exchequer delivered his Autumn Statement to the House of Commons on 22 November. FD believes the Autumn Statement will be broadly positive for SMEs in the UK with a number of key changes and initiatives confirmed or introduced to support the UK’s...

Demystifying Subsidised Expenditure Rules for R&D Tax Relief Claims in the UK

Research and Development (R&D) tax relief is a valuable incentive provided by the UK government to encourage innovation and technological advancement; however, understanding the rules and regulations surrounding subsidised expenditure can be challenging. In this...

The Importance of Accurate, Real-time Records for R&D Tax Relief Claims in the UK

Effective from 8 August, new requirements for filing and claiming Research and Development (R&D) tax relief in the UK will demand meticulous record-keeping to avoid lengthy and onerous information gathering exercises come the company’s year end. Let’s explore what...