The annual HMRC’s report including the latest R&D tax credits statistics offers important insights into the state of innovation within the UK economy. Despite the challenges brought by the COVID-19 pandemic, the UK’s business landscape is showing remarkable resilience.

On Wednesday 22 November, Chancellor Jeremy Hunt announced some big changes for R&D tax relief in the Autumn Statement 2023.

In this article, we will outline these reforms and discuss their potential impact on businesses and the UK economy.

When we started Apogee on day one of the second lockdown during a global pandemic, we had no idea how things would go

Often interchanged with the term ‘climate emergency’, ‘climate crisis’ is an expression that indicates the threat and impact of climate change to our planet and all its species. Climate change is a result of years of human activity that has had a negative impact on our planet’s ecosystem.

As part of HMRC’s campaign to clamp down on erroneous and fraudulent R&D claims, they have launched the Mandatory Random Enquiry Program (MREP). The MREP is part of a wider HMRC risk assessment strategy that aims to prevent abuses of the R&D schemes.

More and more businesses across the UK are now putting strategies in place to ensure they are doing their part to combat the climate crisis.

Oftentimes, the implementation of measures to tackle carbon emissions requires companies to invest in the development or integration of technologies able to lower their emissions.