Consultation outcome

Improving access to Research and Development tax credits for small business

• From: HM Revenue & Customs
• Published: 16 January 2015
• Last updated: 28 October 2015 — See all updates

This consultation has concluded

Read the full outcome

Improving access to Research and Development tax credits for small business - summary of responses

PDF, 336 KB, 17 pages

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Improving access to Research and Development tax credits for small business - infographic

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Detail of outcome

The summary of responses sets out HMRC’s plans to improve access to Research and Development (R&D) tax relief for small businesses.

Respondents generally agreed that the 4 factors discussed in the consultation are the right focus for improving R&D tax reliefs for small businesses. Respondents felt that the focus of HMRC’s future plans should be around improving awareness and understanding, rather than changing the policy design. In the summary of responses, HMRC sets out how it will tackle these issues. The document also introduces the advance assurance scheme for prospective first-time claimants to R&D tax relief.

HMRC is grateful to those who participated in the consultation.

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Original consultation

Summary

This consultation focuses on improving the accessibility of Research and Development (R&D) tax credits for small companies.

This consultation ran from
midday on 16 January 2015 to midday on 27 February 2015

Consultation description

This consultation focuses on improving the accessibility of Research and Development (R&D) tax credits for small companies.

It addresses the four main factors that affect whether companies make claims:

• awareness of the credits
• design of the rules
• understanding of the rules
• claims process/ administration

We’re inviting views on all of these, and will in particular be using these to shape improvement of the guidance and the design of the new advance assurance service.

Documents

Summary - Improving access to R&D tax credits for small business

PDF, 100 KB, 3 pages

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Improving access to R&D tax credits for small business - consultation document

PDF, 211 KB, 23 pages

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Published 16 January 2015
Last updated 28 October 2015 + show all updates

1. 28 October 2015

   Summary of responses published

2. 16 January 2015

   First published.