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Consultations31st May 2021

Consultation – Research and Development Tax Relief

UK Government consultation to define and explore the implementation of reliefs.

On the 3rd of March 2021, the Department for Business, Energy and Industrial Strategy announced its intention to explore the nature of private-sector R&D investment in the UK, how that is supported or otherwise influenced by the R&D relief schemes, and where changes may be appropriate. This is one of the Government’s 2021 Budget consultations.

OGUK’s Sustainability and Supply Chain teams prepared a response which was put to the Fiscal Policy Forum, the SME Forum, and members with interests in R&D for consultation.

You can read OGUK’s full response, here.