Source · Select Committees · Finance Bill Sub-Committee
Recommendation 39
39
Paragraph: 162
Detailed guidance on subcontracted R&D, including realistic examples, must be available to businesses in advance...
Conclusion
Detailed guidance on subcontracted R&D, including realistic examples, must be available to businesses in advance of 1 April 2024 when some businesses will have to apply the new rules. HMRC needs to assure businesses that final guidance will be available before the start date of the merged scheme.
Paragraph Reference:
162
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 ↗