This video provides a detailed overview of the UK R&D tax credit schemes, including recent legislative changes, eligibility criteria, and compliance requirements. It covers the different schemes in transition, grant funding opportunities, capital allowances, and research and development allowances (RDAs). Key focus areas include HMRC compliance, common pitfalls in claims, due diligence practices, and strategies to maximize success in grant applications. Practical advice is shared on contract management, record-keeping, and working with expert advisors to navigate claims and audits effectively.