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Balancing the scales when it comes to the Government’s R&D consultation

18 May 2021 / Jenny Tragner
Issue: 4792 / Categories: Comment & Analysis
49269
Balancing the scales

Key points

  • The need for an R&D tax relief system that can help the UK’s businesses grow.
  • The process could take years not months to work through all of the aspects covered.
  • The consultation should seek to establish better guidance and greater transparency between HMRC companies and agents.
  • The need for advisers with experience and access to client data to respond to the consultation.

Covid-19 will remain with us for some time yet but it seems that the end is finally in sight for the lockdown restrictions that have caused so much disruption over the last 12 months. The country is preparing to enter ‘recovery mode’. ‘Recovery’ means different things to different businesses. But for businesses oriented towards growth decades of research have shown that investment in research and development (R&D) is a tried and tested way to kickstart expansion once again.

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