Whilst we recognise some of the challenges associated with the previous R&D tax credits scheme,...
Whilst we recognise some of the challenges associated with the previous R&D tax credits scheme, we call on the Government to conduct an annual review of the impact of recent changes on overall R&D investment in the UK to ensure that any unintended consequences can be remedied quickly.
Government response. The government states the R&D tax relief review is ongoing, and a decision on whether to merge schemes will be made at the next fiscal event, deferring the specific request for an annual review of impact.
Department for Business and Trade