A real commitment to R&D?
by Carmen Aquerreta
One stated objective of the UK's coalition Government is to support innovation in the British economy. The R&D tax relief has been encouraging innovation for the last 10 years. Over this time some improvements have been made to the relief, but perhaps none more significant than the announcement made by the Chancellor in the Autumn Statement of an ‘above the line’ regime for larger companies. What are the implications of this announcement and what impact will it have on the UK as an R&D hub?