R&D tax reliefs: the changing landscape

13 June 2024

The UK's research & development (R&D) tax relief regimes have been the subject of extensive, yet gradual and somewhat disjointed changes over the past few years. There have been adjustments to rates of relief, categories of qualifying expenditure, administrative or filing requirements and HMRC's approach to managing the regimes. 

These remain uncertain times for businesses reliant on UK R&D tax incentives to support future investment. Whilst the policy intention to encourage UK based R&D is clear, there is concern that not enough focus is being directed towards the small and medium-sized enterprise (SME) community. Early consideration of the rules is crucial for businesses to understand the impact of these changes on their future cash flow.

To help those grappling with the impact of these changes on their own R&D claims, our innovation reliefs experts have consolidated all the recent changes into one interactive tool. 

To use, click the image below, first select the time period you are considering, and the relevant changes will be revealed. 

 

R&D interactive tool

James Tetley
James Tetley
Partner, Innovation Reliefs
James Tetley
James Tetley
Partner, Innovation Reliefs