Navigating the R&D Tax changes in 2025
Ian Brewer
Marketing Digital & Design Executive at Oldfield Accountancy & Advisory | Psalm 18:2
Hello There,
Starting on the 1st of April 2024, the UK introduced significant changes to the R&D tax relief system. The SME and RDEC schemes are now merged, reducing tax relief for SME claimants. Overseas subcontractor and EPW costs are no longer eligible, and businesses can now claim relief on subsidised projects. New rules clarify that only the company conducting R&D, not subcontractors, can claim. Additionally, businesses must notify HMRC of their intention to claim within six months of the accounting period’s end. In this article we discuss key changes regarding the new rules and their implications.?Continue reading...
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