Unlock the power of UK R&D tax incentives! This series of articles with short video summaries, provides concise, actionable insights into the new merged Research and Development Expenditure Credit (RDEC) and the related R&D intensive SME scheme (ERIS).
This is the first in our regular R&D Insights series, covering UK Research and Development tax incentives in bite-sized videos accompanied by more detailed articles.
The viideos are under 3 minutes, delivering clear explanations of government guidelines, eligibility criteria, claim processes and practical tips to maximize your returns, from investing in R&D, by claiming RDEC.
Whether you're a startup, SME, large company or R&D advisor, this series will help you understand and navigate the complexities of claiming R&D tax relief under RDEC.
Did you pick up that in mid-January 2025, HMRC finally published guidance and rules for the new merged R&D scheme? It has been dubbed New RDEC (Research & Development Expenditure Credit) and HMRC has come up with ERIS as the acronym for the Small and Medium Enterprise (SME), Enhanced Research and Development Intensive Support option.
These replace the old RDEC and old SME schemes, for all accounting periods beginning on or after 1 April 2024. It’s vital to understand what the changes mean for your business as this will be crucial to maximising your R&D claims.