The R&D Tax Credits Reforms Coming in April 2023
1. Tackling Abuse & Compliance
- Required to produce a more technically detailed explanation of a claim’s expenditure.
- New cross-cutting team will focus on claim abuse.
3. Refocus On UK Innovation
- Third-party subcontractors must perform the work in the UK to qualify.
- Externally provided workers (EPW) must be paid via a UK Payroll.
2. Cloud & Data Qualifying Costs
- R&D projects data licencing and cloud computing service costs with qualify.
- Staffing costs for the collection, cleansing and analysing of an R&D projects data will also qualify.