R&D Tax Reliefs Review: Consultation on a single scheme
This consultation seeks views on the design of a single, simplified research and development (R&D) tax relief scheme, merging the existing research and development expenditure credit (RDEC) and the small and medium enterprise (SME) R&D relief.
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.