UHY Ross Brooke Chartered Accountants

Consultation into reforming R&D tax relief

Following on from the Chancellor’s announcement in his Autumn Budget the government are consulting on a number of future changes to R&D tax relief. These include:

  • the inclusion of licence payments for datasets and cloud computing costs for data processing and software as two new categories of qualifying expenditure;
  • restricting relief for the cost of carrying out R&D activity subcontracted to third parties to situations where the work is performed in the UK;
  • restricting relief for the cost of employing externally provided workers to situations where the workers are paid through a UK payroll;
  • ensuring that all R&D claims must be made digitally and endorsed by a named senior officer of the company.
  • requiring all companies to obtain advance assurance from HMRC of R&D tax claims

See: Consultation outcome overview: R&D Tax Reliefs: consultation – GOV.UK (www.gov.uk)

Next steps

If you would like to discuss R&D tax relief with one of our specialist R&D accounting team, we’d love to hear from you, or fill in the form below to receive your free copy of our UHY Research & Development Guide.

Get a copy of the UHY Research & Development Tax Relief Guide
  • Please let us know any other way of communicating with you or topics that you would find useful.
  • and we promise not to share your details
  • This field is for validation purposes and should be left unchanged.

Share This Post

Related insights

Talk to us

Newbury: 01635 555666
Abingdon: 01235 251252
Swindon: 01793 610008
Hungerford: 01488 682546