The R&D Working Group, set up by HMT and HMRC, met yesterday afternoon to get feedback from sub-groups on three specific issues:
  • An above the line credit
  • Subcontracting
  • Advanced assurance
These issues had been delegated to sub groups to consider and feed back thoughts.
HMT indicated that around 50 responses to the consultation document had been received.  The feedback from this meeting would be added to those responses and considered.  It will then be for Ministers to decide how they wish to proceed.  It is possible that we may get some indication of their thinking in the Autumn Statement (anticipated for the end of November), although the Coalition Government has indicated that this statement should be more about the economy and less about tax issues.
What was slightly disappointing was that HMRC does not seem to have any timeframe for publication of the promised draft legislation on Externally Provided Workers (which was promised for the autumn).

So ….. watch this space!  When I hear any news, I will post on this Blog.