HMRC R&D Tax Relief Reforms: What You Need to Know

In this episode of the North West Aerospace Alliance News, Emma and Daniel discuss the recent updates to HMRC's R&D tax relief scheme effective April 2023. Topics include the new documentation requirements for R&D claims, changes to R&D rates for SMEs and RDEC schemes, eligibility for overseas R&D costs, and the government's push for increased R&D investment and compliance. The episode provides a comprehensive overview for businesses to understand and prepare for these changes.