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Press Release
11 Mar 2020

Budget 2020 - R&D Tax Relief changes

Good news for companies claiming the R&D reliefs! As part of today's Budget policy changes the Chancellor has announced four changes affecting those companies that claim or will claim the R&D tax relief. The changes will affect claimants under both the R&D Expenditure Credit scheme and the SME scheme.

We have set these changes out in more detail and you can read about these by following the link below. 

Our view

These proposed changes demonstrate the Government's continuing desire to ensure that these reliefs are well targeted and effective in encouraging more R&D from innovative companies in the UK.

If you would like to know more about this, or discuss their application to your company, then please contact John Moore on 0207 292 8850 or at [email protected]


Read more detail on the changes here.

   

Kingly Brookes is a firm of expert accountants with a business edge specialising in R&D Tax relief and Patent Box tax relief claims.
Please contact John Moore on 0207 2928850 or [email protected]

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