A big change in how R&D is incentivized in the UK. See some long awaited guidance from HMRC
#HMRC has posted guidance for the new, merged UK R&D tax relief program. Highlights include a few new examples and a lot of detail. Let's see how this rolls out on April 1! This draft guidance provides new insight into the treatment of contracting and overseas activity. For background, the new scheme combines the prior SME program for small/medium enterprises with the RDEC program for large business. https://lnkd.in/eSDwiGf3 #researchcredits #RDEC #taxincentives #taxcredits
