Kathie Haunton Director and David Cobb Partner in Deloitte's R&D Tax Services Group consider the changes to R&D tax relief announced in the recent Budget and those from the Pre-Budget Report
The Government has set itself a tough target for increasing the level of research and development (R&D) expenditure undertaken in the UK. The ten-year plan aims for R&D spend to be increased to 2.5% of GDP by 2014 from a level of 1.9% in 2004. A major uplift in the level of R&D expenditure will be needed in the remaining eight years if this ambitious target is to be achieved. If this is to be supported by the R&D tax relief regime it needs to be more consistent and more certain for claimants.
The discussion document...
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Kathie Haunton Director and David Cobb Partner in Deloitte's R&D Tax Services Group consider the changes to R&D tax relief announced in the recent Budget and those from the Pre-Budget Report
The Government has set itself a tough target for increasing the level of research and development (R&D) expenditure undertaken in the UK. The ten-year plan aims for R&D spend to be increased to 2.5% of GDP by 2014 from a level of 1.9% in 2004. A major uplift in the level of R&D expenditure will be needed in the remaining eight years if this ambitious target is to be achieved. If this is to be supported by the R&D tax relief regime it needs to be more consistent and more certain for claimants.
The discussion document...
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