Leonid’s Ben Worsley speaks with Richard Edwards, Founder of The R&D Community, who gives his expert insights on what lies ahead for R&D tax in the UK. Drawing from his unique journey from the Royal Navy to founding his own consultancy and co-founding a software company in the R&D space, Richard shares how his non-linear path has shaped his success today.
The pair discuss a number of topics, including:
- The current state of HMRC; exploring potential process improvements based on anecdotal reports and what people in R&D tax can expect moving forward.
- How the recent shift in compliance may impact the way firms manage their teams; with the key takeaway being that success in R&D today depends on staying flexible and adapting to evolving technology and industry standards.
- The role of AI and how it could be integrated ethically into the industry, considering challenges such as data security, fairness and transparency with clients.