Budget updates to R&D credits

During his first Budget this week, Chancellor Rishi Sunak announced a number of changes to R&D credits. Firstly, the rate of Research & Development Expenditure Credit (RDEC) will increase from 12% to 13% from 1 April 2020. This is to support businesses...

Spring Statement 2019 Summary

The Spring Statement was made by Chancellor, Philip Hammond at lunchtime and following the Brexit vote last night, it was no surprise that tax was not the main focus of today. However, it is certain that tax has not been forgotten with the raft of consultations in the...