GovWire

The government recognises the important role that R&D plays in driving economic growth and the benefits it can bring for society.

At Autumn Statement the Chancellor announced that, as part of the ongoing R&D tax reliefs review, the government would reform the R&D tax reliefs to ensure taxpayers money is spent as effectively as possible, to improve the competitiveness of the RDEC scheme, and to take a step towards a simplified, single relief based on the RDEC scheme. The Government committed to consulting on the design of a potential simplified scheme, this consultation invites views on the design of a potential single R&D tax relief scheme.