Samantha Vanags Tax Partner and Chris Harrison Tax Consultant at Grant Thornton UK LLP discuss HMRC's apparent change in interpretation and practice in assessing claims for R&D tax relief
Research and development (R&D) tax relief is the single biggest funding mechanism provided by the Government to encourage technological innovation in the UK (see www.lexisurl.com/1VsV0). Maintaining the UK's position as one of the most globally attractive places for inward investment in R&D will be fundamental to our economic recovery. So it is alarming that what we are now seeing in practice are changes to the way in which HMRC interprets the R&D rules which make life more difficult for...
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Samantha Vanags Tax Partner and Chris Harrison Tax Consultant at Grant Thornton UK LLP discuss HMRC's apparent change in interpretation and practice in assessing claims for R&D tax relief
Research and development (R&D) tax relief is the single biggest funding mechanism provided by the Government to encourage technological innovation in the UK (see www.lexisurl.com/1VsV0). Maintaining the UK's position as one of the most globally attractive places for inward investment in R&D will be fundamental to our economic recovery. So it is alarming that what we are now seeing in practice are changes to the way in which HMRC interprets the R&D rules which make life more difficult for...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
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