Tax Incentives / All

Understand the recent changes made to the UK R&D schemes.

Discover how the R&D tax credit regimes are evolving, with significant changes having come into effect over the last 12 months and further changes expected in 2024.

In his Spring Budget 2023, the UK Chancellor sought to deliver on three key priorities of the government: grow the economy, reduce inflation and ensure that government debt falls.

Changes announced to comply with international tax reform.

How will the macro-environment impact Ireland’s innovation lifecycle?

In the UK Autumn Budget, the government set out its strategy to continue to encourage research and development (R&D) activity, with funding for R&D set to increase to £20 billion by 2023-2024 to help make the UK the ‘next Silicon Valley’.

Consultation on a proposed simplified single R&D credit scheme modelled on the existing R&D expenditure credit regime for all claimants.

New guidance from HMRC proposes significant additional information requirements for R&D claimants from 1 April 2023.

The Commission on Taxation and Welfare published its report on 14 September 2022.