HMRC have published draft guidance covering changes to the research and development tax reliefs due to be implemented on 1 April 2023. The guidance “clarifies technical aspects of how the reforms will work in practice and includes a list of the additional information that will be required for claims”.
The guidance is arranged under the following headings:
- Overseas expenditure
- Data licences and cloud computing services
- Claim Notification
- Mathematics
- Additional information
Related content from Claritax Books
The UK’s special tax rules for Research and Development expenditure continue to offer valuable tax relief for companies.
This title explains how the scope of R&D relief is wider than is often imagined, whilst also showing the statutory conditions that must be met for a successful claim.
