R&D tax reliefs to be reformed from April 2023

October 27, 2021|In KRW Tax news|By Keith Witchell

Following the consultation launched at the Spring 2021 Budget, the Chancellor confirmed that R&D tax reliefs will be reformed from April 2023, to allow the inclusion of cloud and data costs which are often used in research, while also focusing the relief on R&D activities carried out in the UK, but also to target abuse and improve compliance. We’ll bring further news on this as details are released.

For further advice on this matter, please contact me.

Keith Witchell