.png)
.png)
Getting it right
Key points
- HMRC has rules on which party can claim in a project with numerous stakeholders – these rules are changing.
- The intention to do R&D is the main driver. Other factors to consider include IP ownership autonomy in executing activity and financial risk. This is consistent with HMRC’s original guidance that was changed in 2021.
- Changes impact accounting periods starting on or after 1 April 2024 – what about companies caught before the changes come into effect?
- How will this impact different sectors? Are there winners and losers or is everyone better off?
Subcontracted research and development (R&D) has been a rather turbulent topic in the R&D tax relief world for years. It’s important to get it right: as we know the scheme aims to generate value by incentivising uncertain projects that otherwise may not be taken on stimulating economic activity and increasing...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
