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-making small and medium-sized enterprises (SMEs) from 1 April 2023. This additional support will be worth over GBP 1.8 billion over the next 5 years and will provide eligible R&D...