UK HM Treasury has launched a public consultation on the scope of qualifying expenditures for R&D tax credits. The consultation description includes the following: R&D tax credits are a core part of the government's support for innovation. The tax credits support innovative businesses as they invest, driving growth and productivity across the UK. Spring Budget 2020 announced that the government would consult on what costs companies can include in R&D tax credit claims, and whether these need to be updated to ensure the credits remain well-targeted and reflect modern R&D processes. The government is interested in hearing from stakeholders as...