UK Draft Legislation for Finance Bill 2023-24

UK HMRC and HM Treasury has published a collection of draft legislation policy papers for Finance Bill 2023-24. With respect to Corporation Tax, the main draft legislation is summarized as follows:

Additional tax reliefs for research and development (R&D) intensive small and medium-sized enterprises and potential merged R&D scheme

Draft legislation is published that will introduce a new permanent rate of relief for the most Research and Development (R&D) intensive, loss-makin…