We already knew that quite a few exciting things were going to be happening in the world of R&D tax relief. HMRC has been talking for a while about the reforms it wants to make but has not been clear on the detail.
Now we have seen the Spring Budget, things are slightly clearer in terms of what new costs will be allowable, but we are still eagerly awaiting final details on what the reforms to tackle abuse of the R&D schemes will look like. The main points relevant to R&D mentioned in the Spring Budget are:
We are looking forward to seeing the final detail once the legislation is published towards the end of the year.
If you have any questions on this blog or anything R&D related, please contact us at [email protected].
BBC Report: “HMRC gave me £49,000 relief, but wants it back” - Mar 14, 2024 |
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What does the Autumn Statement mean for R&D tax relief? - Dec 01, 2023 |
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- Nov 20, 2023 | |
The difficult 3rd HMRC “Pre-decision” letter - Aug 16, 2023 |
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The dreaded 2nd HMRC enquiry letter – a guide for companies who didn’t use an R&D advisor - Aug 14, 2023 |
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How to deal with an enquiry into your R&D claim when you didn’t use an advisor - Aug 10, 2023 |
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