New combined R&D Expenditure Credit – why should the US get the credit?
As a second child, fairness has always been important to me. This guides my work when preparing R&D claims, always seeking to ensure a company claims the right amount due to reward its innovation. You can imagine my frustration then that UK R&D credits paid to US parented companies are mainly rewarding the US government! That is precisely what is happening with the R&D Expenditure Credit (‘RDEC’) following a US foreign tax credit rule change early in 2023. The UK
Angela Browning
19 March 2024