R&D tax credits are intended to encourage companies to spend time on research and development. The R&D tax landscape has been changing rapidly, however, with a crackdown on fraud and error by HMRC and a huge increase in the number of its staff working on compliance.
On this page we have set out to keep you up to date with the latest news. By clicking on the dates below you will be able to see important changes to legislation and ensure that you are complying with the requirements and claiming what you are entitled to.
The first R&D tax-relief scheme was introduced in 2000 for SMEs and one for larger firms called Research & Development Expenditure Credit (RDEC) was added two years later.
The two schemes have been moving closer together and are likely to merge in the coming years, which means there are likely to be more rapid changes.
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