Knowledge Centre Category: R

Research and Development (R&D) Tax Relief

R&D tax relief is a government incentive that allows companies to claim an enhanced tax deduction — or in some cases a cash payment — for qualifying expenditure on innovative projects. Green Accountancy advises companies on eligibility, identifying qualifying R&D activity and making correct, compliant claims to HMRC.

Rent-a-Room Relief

Rent-a-Room Relief is an HMRC scheme that allows individuals to earn up to £7,500 per year tax-free from letting furnished accommodation in their main residence. It is one of several personal tax reliefs covered in Green Accountancy's Knowledge Centre to help individuals make the most of their allowances.

Restricted funds

Restricted funds are amounts of income received by a charity or not‑for‑profit that must be used for a specific purpose set by the donor or funder. These restrictions are legally binding, meaning the funds cannot be spent on other activities, even if those activities further the organisation’s wider aims. Clear identification and tracking of restricted funds is essential to ensure compliance and transparency.