Proposed changes to UK’s R&D Tax Relief regimes

Proposed changes to the UK’s R&D Tax Relief regimes are bad news for the North East’s engineering and offshore supply chain sectors…

In the Autumn Statement on 3rd December 2014 the Chancellor announced that the Government intended to tighten the UK’s R&D Tax Relief (and R&D Tax Credit) provisions to restrict the benefit of R&D claims in circumstances where the “product” of the R&D project was an item which was then sold to a customer.

For further details, please see our blog post: http://businessadvicene.com/2014/12/10/proposed-changes-to-the-uks-rd-tax-relief-regimes-are-bad-news-for-the-north-easts-engineering-and-offshore-supply-chain-sectors/

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