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Limited additional funding for HMRC in Spending Review

HMRC’s Spending Review 2021 settlement will see its spending, excluding that ringfenced for COVID-19, increase to £5.2bn per year by 2024/25. ICAEW’s Tax Faculty explains how HMRC might prioritise the £0.9bn funding increase on its 2019/20 settlement.
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Source: icaew.com

Budget: Cloud and data added to R&D tax credits, tech skills and digital boost for departments

Rishi Sunak announces government plans to incentivise private sector investment in research and development, attract global talent and boost the UK’s skills base, as well as other initiatives aimed at positioning the UK as ‘a science and technology superpower’.
Hong Kong United Kingdom United States Northern Ireland City Of Hugh Gibbs

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