Navigating the new merged R&D expenditure credit scheme: What your business needs to know?
As of 1 April 2024, a significant shift in the UK’s R&D tax relief landscape took place with the introduction of the merged R&D expenditure credit scheme. This new regime replaces the previous two schemes—the SME R&D Tax Relief Scheme and the Research and Development Expenditure Credit (RDEC) scheme. For many businesses, this has become […]