Consultation on clearances for R&D tax relief launched

The Spring Statement was remarkably quiet on the tax front but hidden in the materials was an announcement launching the consultation on widening the use of advance clearances in R&D tax credits. The consultation was published today and will run until 26 May, with businesses of all sizes encouraged to respond. Given the recent pain felt by R&D intensive companies, with claims being stalled or rejected, we expect a lot of organisations will be interested in sharing their views.

https://www.gov.uk/government/consultations/research-and-development-tax-relief-advance-clearances/rd-tax-relief-advance-clearances