Before joining ForrestBrown, Malcolm worked for HMRC for 26 years, most recently as an inspector of taxes within their Portsmouth R&D unit. This extensive experience as an R&D technical specialist forms a valuable part of our quality assurance process, ensuring our R&D tax credit claims are fully optimised and in line with HMRC guidance.
Malcolm Henderson, technical specialist and Adam Kotas, senior tax manager at ForrestBrown, review the new regulations regarding consumables and how they might help to provide clarification in research and development (R&D) tax credit claims.
Research and development in the Solent area – the area around Portsmouth, Southampton and the Isle of Wight – is booming and has been for a number of years. Recorded research expenditure, however, lags behind the national average, despite the number of patent applications submitted across the region being well above that average.