The history of R&D tax credits in the UK
As a UK business owner, an FD, IFA or accountant; you’re relied upon for informed financial decision making. Yet you can’t be expected to keep abreast of every minute R&D tax credit change. At ForrestBrown, R&D tax credits is what we do, day in, day out.
That’s why ForrestBrown is the largest R&D tax credit specialist in the UK and was named ‘best independent consultancy firm’ by Taxation Awards 2018. More than 500 advisers trust us to bring the value of R&D tax credits to their clients.
Since their introduction in 2000, R&D tax credits have been widely regarded as a resounding success. Having survived numerous government changes and the 2008 financial crisis, R&D tax credits remain a central pillar of government business policy today.
The key policy announcements and subsequent R&D tax changes are summarised in our timeline below. These provide a helpful context to making a claim with ForrestBrown.