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HMRC’s small business R&D plans

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Following consultation, HMRC’s proposals for improving access to research and development (R&D) tax credits for small businesses (i.e. turnover under £2m and fewer than 50 employees) will include: launching an advance assurance service in November 2015 for first-time claimant smaller companies; retaining the tax definition of R&D, rather than aligning with the accounting definition; and issuing bespoke guidance on R&D tax relief for smaller businesses. For the consultation outcome, see

Issue: 1284
Categories: News