Join me, Dhosjan Greenaway-Dalini of Bia Innovate, as I interview our esteemed guest Brian Cookson, President and Managing Director at RDP Associates, a consultancy supporting businesses to access R&D tax credits. In this episode, we explain what the UK R&D tax relief scheme is and provide an understanding of what truly qualifies as R&D. We share common pitfalls that companies should avoid, explore where AI fits into R&D claims (and where it doesn’t), and discuss how the scheme is evolving. We also highlight why R&D tax relief remains a crucial tool for driving innovation and supporting the UK’s startup and tech ecosystem.
RDP Associates is an international company, processing R&D tax claims in five countries, including Canada. As per RDP’s review, the BEIS guidelines have been adopted verbatim from the Canadian programme, which has been in existence since the early 80s. As RDP has seen, similar patterns are now emerging with HMRC, allowing them to support their clients with a forward-thinking compliance strategy. For example, changes to the UK application process that RDP discussed in a 2020 article are only now being implemented in the UK.
Ensuring compliance with the R&D Tax Credit scheme is now even more pertinent than ever.
Based on RDP's own statistics and those of HMRC, it would appear that currently, HMRC is carrying out compliance checks on approximately 1 out of every 6 claims, whereas before 2021, HMRC was reviewing somewhere between 2%-3% of all R&D tax credit claims.
For more information about RDP Associates, go to:
LinkedIn: https://www.linkedin.com/company/rdp-associates-ltd/
Website: www.rdpassociates.co.uk
Twitter / X: https://x.com/rdp_uk
Instagram: https://www.instagram.com/rdpassociatesuk/
Facebook: https://www.facebook.com/Rdpassociatesuk
Brian’s email:
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