Ian Hughes Ian Hughes

More detailed information is now required for R&D

A business that invests in innovation and develops new processes, products, or services may benefit from research and development (R&D) tax relief. To make informed financial projections, you will need to understand exactly how the R&D tax relief regime works after April 2023 and April 2024.

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Ian Hughes Ian Hughes

Business Innovation in 2023: The new rules for R&D

From April, the government will introduce new rules for R&D.

In recognition of the importance of innovation in driving growth in the UK, HMRC has given tax breaks to businesses that create new products and services through research and development (R&D). 

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