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Consultation on "above the line" R&D credit
Practical Law UK Legal Update 8-518-7102 (Approx. 6 pages)
Consultation on "above the line" R&D credit
by PLC Tax
| Published on 02 Apr 2012 • United Kingdom |
HM Treasury launched a consultation on introducing an "above the line" (ATL) research and development (R&D) tax credit on 27 March 2012.
Note: HM Treasury issued a correction note dated 29 March 2012 on 4 April 2012. The original version of the consultation document stated that the proposed ATL credit would apply for claims made after 1 April 2013. This has now been changed to claims made for accounting periods beginning after 1 April 2013.