In May 2023, the Department for Business and Trade issued a call for evidence to gather views on the UK’s framework for non-financial reporting. Part of the call for evidence centred around reporting thresholds, both company size and company type. The number of categories a company can fall into has increased steadily over time and it has become a complicated aspect of the non financial reporting framework to navigate.
Research and Development (R&D) tax reliefs were introduced in a bid to support UK companies working on innovative projects in science and technology. Before submitting a claim, you will need to consider if your activity will be eligible for R&D tax reliefs.
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