Leyton’s response to the UK government’s consultation on the current R&D tax relief schemes
The UK government published its consultation paper late last year, asking the business community for suggestions how to improve the effectiveness and efficiency of the current R&D tax relief schemes. Areas of suggestions sought include:
• How to encourage more UK innovation through structural changes?
• What can be done to encourage R&D activities of the smallest companies in the UK?
• What additional costs can be included as eligible expenditures?
• Whether the current BIS Guidelines offer an effective R&D definition for claim purposes?
• Whether the definition for non-qualifying production activities should be legislated? And
• Whether external audit may help with HMRC’s review process?
To know how Leyton has suggested to the government to better serve your company or industry amidst current budget cuts you can request a copy of Leyton's response letter when you Contact Us