In the UK, firms engaged in research and development are encouraged to claim any R&D tax relief they are entitled to. 

There were a number of changes announced in the Spring Budget in March that affected R&D Tax Relief. The question is, what are they and how can you prepare for them?

As economic uncertainty continues, today's 2023 Spring Budget detailed upcoming developments across the UK economy. It is predicted that the country will not enter a recession this year, according to Chancellor Jeremy Hunt.

Following a consultation process, HMRC has published draft tax legislation for amending enhanced research and development (R&D) tax reliefs.