The government is changing the R&D tax regime stating that the changes are intended to increase productivity and promote growth in the UK.
Several reforms have already been announced, including:
- bringing pure mathematics research within scope of the reliefs, including data and cloud computing as qualifying costs
- restricting expenditure on some overseas R&D activities
- a package of measures to target abuse and improve compliance.
So, what does this mean for you? Watch our panel of tax and R&D experts to hear how the reforms will affect your business.