HMRC R&D reforms from 1 April 2023 – draft guidance published
HMRC published its draft guidance on 20 December in support of the 1 April 2023 R&D reform. Alink is below: https://www.gov.uk/government/consultations/draft-guidance-research-and-development-rd-tax-reliefs As a reminder, the key changes proposed are: Restrictions to exclude overseas subcontractor / EPW costs from claims Inclusion of data licenses and cloud computing services costs Advance claim notification (for companies that have not filed an R&D claim in any of the previous 3 years) The inclusion of mathematics within the definition of qualifying R&D Additional information required before or at the same time
Angela Browning
5 January 2023