Supporting working mums at Leyton UK
Even in the best of circumstances, we know that it can be challenging to balance a successful car...
“As the largest player in the R&D Tax Relief market, Leyton understands the importance of tax relief to its clients. With our extensive experience and expertise, we are ideally placed to assist companies in respect of tax relief, including in this changing environment.”
The Financial Times has reported that Rishi Sunak is planning an overhaul of the UK’s R&D Tax Credit system. It notes that the Chancellor is considering whether R&D Tax Credits can be better focused on larger companies than small and medium-sized businesses.
According to the Financial Times, Government insiders have suggested that the Chancellor’s plans go beyond the changes announced by the Government at Autumn Budget 2021, which were further detailed in the R&D Tax Reliefs Report. Our comments on these previously announced changes following our response to that report can be found here: https://leyton.com/uk/leyton-responds-to-the-governments-rd-tax-reliefs-report/
As the largest player in the R&D Tax Relief market, Leyton understands the importance of tax relief to its clients. With our extensive experience and expertise, we are ideally placed to assist companies in respect of tax relief, including in this changing environment.
We will continue to monitor developments in this area given their importance to our clients. We look forward to seeing if there is any further clarity – both in relation to the previous announced changes and any new ones – as part of the Spring Statement scheduled for 23 March 2022 and beyond.
Emily McCarthy – Director of Tax Advisory
Explore our latest insights
Even in the best of circumstances, we know that it can be challenging to balance a successful car...
Small and Medium-sized enterprises (SMEs)are the lifeblood of innovation in the UK. We’ve dived i...
Full expensing is a first-year allowance that allows businesses to reduce their tax liability and...
To help businesses understand if their work qualifies for R&D Tax Relief and to make sure tha...