HM Revenue & Customs and HM Treasury are reforming the R&D Tax Relief scheme to increase uptake among SMEs and boost productivity-enhancing investment. The reform addresses administrative barriers in the current system, including processing delays and narrow eligibility criteria that exclude Arts, Humanities, and Social Sciences research.
This tax information and impact note is about 3 administrative changes to the Corporation Tax reliefs for Research and Development (R&D) and creative industries.
In response to: Research and Development (R&D) Tax Relief Reform
In response to: Research & Development (R&D) tax relief reforms
These measures combine the current Research and Development Expenditure Credit (RDEC) and R&D SME scheme into a merged scheme, implement the enhanced support for R&D intensive SMEs and restrict the use of nominations and assignments for R&D tax credit payments.
This measure is about additional tax relief for Research and Development (R&D) intensive small and medium-sized enterprises and a potential merged R&D scheme.
In response to: Reform of Research and Development Tax reliefs
Following the review of R&D tax reliefs launched at Budget 2021, the government announced changes to the reliefs at Autumn Statement 2021 to incentivise R&D using modern computational approaches and to tackle abuse and improve compliance.
In response to: Research and Development (R&D) Tax reliefs - Reform
This tax information and impact note is about changes to the R&D Tax reliefs.
In response to: Research and Development Tax Relief changes