Only a few weeks to go until the government’s R&D tax relief advance clearances consultation closes.
The consultation explores introducing clearances for R&D tax reliefs to reduce error and fraud, enhance certainty, and improve customer experience. The government seeks feedback on whether such a system would achieve these goals and which design or approach would be most effective.
R&D Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. Therefore it is very important for companies to provide their views to government to ensure the landscape is competitive and favourable for UK companies.
Whether you are a large business, SME or micro-company, make sure to respond by 26 May 2025.
We would be grateful if members could send us their completed submissions to ben.kemp@bivda.org.uk, so we can incorporate their views into our sector-wide response.
Click here to start your submission.
