R&D Tax Relief Reform: Roundtable with HMRC and BDO
The focus for the next Prime Minister ( 5th September 2022) will be to stimulate economic growth in a challenging economic environment. Protecting our research base will be vital. This requires a tax regime that rewards investment in research and development. The Finance Bill 2022 – 23 includes Research and Development Tax Relief changes intended to, ‘incentivise investment by reducing the costs of innovation.’
The National Centre for Universities and Business (NCUB) and BDO: Accountancy and Business Advice are hosting a roundtable for business and university representatives to examine the potential impact of these changes. We will be joined by HMRC to present the objectives of the draft legislation, followed by a presentation from BDO on the possible implications and group discussion. This will directly inform NCUB’s representation to the Finance Bill and its efforts to drive sensible policy in this area under the reformed Government.
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