Policy paper

Research and Development Tax Relief changes

This measure introduces changes to the Research and Development Tax Relief entitlement and processes.

• From: HM Revenue & Customs
• Published: 20 July 2022
• Last updated: 21 July 2022 — See all updates

Documents

Research and Development Tax Relief reform

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Draft legislation

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Draft legislation accessible version

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Explanatory note

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Details

This measure:

• expands the categories of qualifying expenditure to include data licences and cloud computing to better reflect developments in technology and the different ways that cutting edge research and development is now undertaken
• focusses the reliefs more effectively on UK expenditure, so that more of the spillover benefits, such as employee skills and industrial know-how, produced by research and development activity will arise in and benefit the UK
• requires claimants to submit a pre-notification of their claim, if they are new claimants or have not claimed in the previous 3 accounting periods
• requires the provision of additional information to support claims
• makes changes to address unintended consequences in the existing legislation

Published 20 July 2022
Last updated 21 July 2022 + show all updates

1. 21 July 2022

   Updated to confirm that this measure requires claimants to submit a pre-notification of their claim, if they are new claimants or have not claimed in the previous 3 accounting periods.

2. 20 July 2022

   First published.