There is a discordance between what is said at the despatch box and HMRC’s day-to-day policy, write Jenny Tragner and James Dudbridge (ForrestBrown) in their review of the proposed reforms to the R&D rules.
Last year was a landmark year for R&D tax reliefs. March 2021 saw the chancellor initiate a comprehensive review of how R&D should be incentivised through the UK tax system which was the first such review since the relief was launched in 2000.
Clearly much has changed since 2000. We remain in the grip of a pandemic and the economic struggles that has brought. The various implications of the Brexit referendum are still unfurling and what was referred to as global warming at the turn of the century is now a real and present climate crisis.
This government has put innovation at the heart of solving these challenges and it is easy to...
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There is a discordance between what is said at the despatch box and HMRC’s day-to-day policy, write Jenny Tragner and James Dudbridge (ForrestBrown) in their review of the proposed reforms to the R&D rules.
Last year was a landmark year for R&D tax reliefs. March 2021 saw the chancellor initiate a comprehensive review of how R&D should be incentivised through the UK tax system which was the first such review since the relief was launched in 2000.
Clearly much has changed since 2000. We remain in the grip of a pandemic and the economic struggles that has brought. The various implications of the Brexit referendum are still unfurling and what was referred to as global warming at the turn of the century is now a real and present climate crisis.
This government has put innovation at the heart of solving these challenges and it is easy to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
