The UK has set ambitious goals for innovation, positioning itself as a hub for science and technology on the global stage. But while the appetite for R&D remains strong, the reality for many businesses is that their ability to claim R&D tax relief now hinges less on ambition and more on compliance.

Innovation is a powerful driver of national economic growth. HMRC, having long recognised the role that tech companies play in the GDP engine, continues to support this output with its R&D relief scheme.