R&D update: 16 March 2023


An update from our Chief Client Officer, Max Glennon, on the latest changes affecting the UK’s R&D tax credit scheme.

This month:

  • Max looks at the Spring Budget on 15 March, addressing two key takeaways that directly affect the R&D tax relief:
  • 1. The announcement that there will be additional tax relief for R&D-intensive SMEs.
  • 2. The announcement that there will be a delay to restrictions on overseas R&D expenditure to 1 April 2024 instead of 1 April 2023.
  • He also looks forward to EmpowerRD’s Spring Budget R&D debrief on 23 March at 10 AM. Max and our Head of Tax, Jon Yeomans, will look in-depth at the key takeaways from the budget, assessing how they might materially affect your future R&D tax claim.

Seeking a trusted partner to help you build your R&D tax claim?

We’re here to help. Over 900 UK companies have trusted EmpowerRD’s R&D platform and specialists to help them build optimised, compliant R&D tax claims. Please get in touch with one of our experts today if you have any further questions.

2023 & Beyond. Unlocking UK Tech Growth through R&D

2023 and Beyond: Unlocking UK Tech Growth Through R&D

Discover key insights from over 300 tech leaders

More from our blog

Benefits of recruiting in the UK
Beginning 1 April 2024, all UK companies face restrictions on claiming R&D tax credits for overseas contractors, a significant shift affecting numerous innovative businesses. You ...
finance ops
Navigating SaaS finance: Strategies for success and innovation
It’s no secret! The SaaS industry is thriving and showing no sign of a slowdown. As a specialist R&D provider, we’re right in the thick ...
International Women’s Day – a Xennials perspective in the UK
Today is International Women’s Day, and it also happens to be the birthday of our Head of Marketing, Sophie Temple! Take a look at Sophie’s ...
Scroll to Top