R&D tax credit and innovation predictions for 2022

Luke Hamm, CEO of GovGrant, unpacks what accountants should be prepared for when supporting clients through R&D tax credit claims in 2022

The total value of R&D tax relief is growing year on year. Recognising that tax relief plays an important role in incentivising investment, the government launched a wide-ranging consultation of R&D tax reliefs from March to June 2021 to help reach their target of raising total investment in research and development to 2.4% of UK GDP by 2027.

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