R&D tax relief merger to go ahead despite concerns
[ad_1] Jeremy Hunt has confirmed in the Autumn Statement that the two existing research and development tax relief schemes will merge with effect for accounting periods from 1 April 2024. The UK currently has two schemes for providing tax relief for qualifying research and development (R&D) expenditure: enhanced tax relief and payable credits for qualifying […]
ICAEW responds to proposed merger of R&D schemes
[ad_1] The government has suggested merging the two research and development (R&D) tax relief schemes to reduce complexity and mitigate fraud, while seeking to improve efficiencies in generating investment. HM Treasury’s consultation on R&D relief seeks views on the consolidation of the SME research and development (R&D) scheme and the research and development expenditure credit […]