Understanding the Changes to the UK R&D Tax Relief System
Discover the latest developments in R&D tax relief!
Expanding to the UK: Biotech & Life Sciences
Thinking About Setting Up a Biotech Company in the UK? As a global leader in life sciences, one of the reasons the UK is such a popular place for biotech and life sciences companies is the unrivalled pool of talent. The UK has some of the world’s top universities...
A Step Closer to a Single R&D Tax Relief Scheme in the UK
In January 2023, the government asked for feedback on proposals to combine the UK’s two research & development (R&D) tax reliefs: the Research and Development Expenditure Credit (RDEC) and the SME R&D Tax Relief systems. The stated aim was to simplify the...
New Analysis Reveals High Levels of Non-compliance in UK R&D Tax Reliefs
Over recent months, HMRC has conducted an in-depth analysis aimed at gaining a better understanding of non-compliance within the country’s research and development (R&D) tax reliefs. The resulting comprehensive study focused on the 2020/2021 tax year and...