British Tax Review - Finance Act 2023: Section 4: amount of relief for expenditure on research and development

Legislative comment by Kasim Mehmood

Section 4 of the Finance Act 2023 makes various changes to the rates of relief in respect of the UK’s tax relief regimes for research and development, the research and development expenditure credit which generally applies to “large” companies and the research and development expenditure relief regime for small and medium enterprises.

This material was first published by Thomson Reuters, trading as Sweet & Maxwell, 5 Canada Square, Canary Wharf, London, E14 5AQ, in the British Tax Review as “Finance Act 2023: Section 4: amount of relief for expenditure on research and development (Legislative Comment)” B.T.R. 2023, 4, 395-401 and is reproduced by agreement with the publishers.