As part of modernising the Research and Development regime and tackling misuse, HM Treasury are requesting views on new measures being brought in to effect from April 2023.
These are:
â¡ï¸ Inclusion of Data and Cloud Computing costs – to allow license payments for data sets; and cloud computing costs directly relating to R&D.
â¡ï¸ Focussing relief on the UK only – to disallow costs relating to overseas R&D resource or activities; and
â¡ï¸ Measures to reduce abuse. These will include providing more detail of the costs and projects to which the R&D claim relates, naming key individuals within the business, and providing HMRC with advance notice of a claim.
We would love to know your input on these areas, to allow us to put relevant views across to the government.
Further detail of HMRC’s proposals and questions can be found here: https://bit.ly/349TQbk
