Research and Development with Patent Box 4th edition book launch
We are excited to announce the launch of the 4th edition of Research and Development, authored by our tax experts Chris Ridley and Gary Collins.
This recent edition provides comprehensive details on the merged R&D scheme (MRDEC) and the rules for Enhanced R&D-Intensive Support (ERIS), incorporating statutory changes up to and including FA 2024. The text and examples have been thoroughly updated to reflect amended rates of relief and recent case law developments.
Additionally, it explores how the scope of the relief is broader than previously imagined, outlining the statutory conditions necessary for a successful claim and demonstrating how tax rules have evolved in recent years.
This edition also introduces:
- New rules for cloud computing and data storage costs
- Additional information requirements
- Changes to advance assurance
- New HMRC approach to enquiries
Whether you are a business owner, a member of an internal finance team, or a tax professional, this book provides expert insights into the current R&D regime, including how the recent changes in tax rules can benefit companies and ensure any claims have the best chance of success.
If you are interested in purchasing the book please do so via the CLARITAX web page. If you have any questions about the contents of the book or are looking for more information on R&D tax relief, please get in touch with a member of our team.
About the authors
Chris is a Tax Director who leads our innovations incentives group along the South Coast and holds a pivotal position on the Global Innovation Incentives Board. As an experienced Chartered Tax Adviser, he offers comprehensive corporate tax advice, providing strategic tax solutions that optimise benefits for both companies and stakeholders.
Gary is a Tax Partner and is Head of our UK Innovation Incentives team. He is responsible for the direction and management of the UK team, which is engaged in the provision and maintenance of best practices for the R&D tax and Patent Box service for clients. He also leads our Global R&D group that coordinates the provision of Innovation Incentives support to clients of the firm internationally.
Meet the authors
Christopher Ridley Director - Tax Poole
Innovation and R&D tax relief
Research and development (R&D) tax relief can provide valuable support when you’re funding new ways of working in your business or developing new products and processes. Yet, many businesses miss out on this tax credit because they don’t think it’s relevant for their business or activity.
19 September 2024
R&D tax relief FAQs
Navigating the complexities of R&D tax relief can be complicated. If you’ve got a question, chances are we’ve heard it before. Here we share some of the most frequently asked questions about R&D tax relief.
19 September 2024
Recent changes to the UK R&D regime
For accounting periods beginning on or after 1 April 2024, a new merged R&D tax relief scheme (MRDEC) will replace the existing SME and RDEC regimes, a change that was announced during the Autumn Statement 2023.