Over the last year, our clients in the East Midlands have accessed more than £2.9 million in tax credits to support research and development (R&D) through HM Revenue & Customs’ R&D tax credit initiative.
The COVID-19 crisis has impacted many areas of society, and for the UK government it has resulted in huge levels of spending to support businesses and individuals.
In early June, HM Revenue & Customs (HMRC) announced that firms that failed to cancel their direct debit in time and payment was taken may be eligible for a refund.
As uncertainty around COVID-19 continues and the colder months draw in, the next six months will be a very difficult time for businesses and their workers across Lincolnshire. Fortunately, more government support has been announced, with major changes set to begin almost immediately.
