Analysis

TechTalk: Impact of simplified R&D scheme for insurtechs and startup brokers is ‘yet to be seen’

By 2024-03-27T12:00:00

woman gold magnify tax

Brokers and MGAs investing in software that is new, improving a process or addressing an uncertainty could benefit from R&D tax relief

According to this year’s Spring Budget, presented by the chancellor of the exchequer Jeremy Hunt on 6 March 2024, a new research and development (R&D) tax relief scheme is set to be implemented by the UK government in April 2024. 

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