- Following recent reform of the R&D tax credit regimes, at Spring Statement 2025 the government published a consultation document on widening the use of advance clearances for R&D tax reliefs.
- The consultation considers options for mandatory assurance for high-risk cases, as well as voluntary clearances to provide certainty to businesses.
- The government is also establishing an R&D expert advisory panel to provide insights into cutting-edge R&D and help ensure that the R&D tax reliefs continue to support the UK’s most innovative businesses.
- Timing: the consultation on advance clearances closed on 26 May 2025 and the government is expected to announce its preferred approach later in 2025. Applications for the expert advisory panel closed on 8 June 2025 and the panel is expected to be in operation from autumn 2025.
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