Consultation closes May 26, 2025.
Following delivery of the Spring Statement by the Chancellor of the Exchequer to Parliament on March 26, 2025, the government announced a consultation on proposed improvements to the advance tax clearance process for claims under the research and development (R&D) tax regime.
The proposed improvements are aimed at tackling error/fraud (including possible risk-based mandatory clearances based on company size or sector) and providing more certainty to businesses making claims under the R&D tax regime (including proposals for taxpayers to obtain longer terms of certainty of their R&D tax positions). The proposals set out in the consultation also include a widening of the existing advance tax clearance process for R&D claims beyond its current narrow scope of first-time claimants with less than 50 employees.
In addition, the consultation looks at wider aspects of the R&D tax regime, including the role of agents and the possible re-introduction of a minimum expenditure threshold for R&D claims below which claimants could not file claims.
The consultation closes on May 26, 2025.
Read an April 2025 report prepared by the KPMG member firm in the UK
For an overview of the Spring Statement and other consultations announced following delivery of the Spring Statement, read an April 2025 report prepared by the KPMG member firm in the UK