Proposal to merge the UK’s two R&D regimes – consultation launched
As you may have spotted, Government launched a new consultation on 13th January inviting views on the design of a potential single R&D tax relief scheme (merging the Small/Medium Enterprise (‘SME’) and large company RDEC regimes that exist currently). The proposal is that the new scheme should be an ‘above the line’ RDEC like credit, that might then seek to take the best attributes from each regime. Implementation is proposed for accounting periods starting on or after 1 April 2024
Angela Browning
19 January 2023