Source · Select Committees · Finance Bill Sub-Committee
Recommendation 12
12
Paragraph: 69
It is disappointing that, although the R&D intensive scheme has applied since April 2023, HMRC...
Conclusion
It is disappointing that, although the R&D intensive scheme has applied since April 2023, HMRC has not yet published any guidance—including draft guidance—on how the scheme will work in practice. Businesses need to know whether they are R&D intensive in advance of April 2024, when they will be able to make their first claims under the new scheme, so they can plan accordingly.
Paragraph Reference:
69
Government Response
A response document is linked to this report, dated 3 May 2024. Response attribution to this conclusion has not been verified. Read the response document ↗