
UK Updates: Pillar Two is Coming
Cross-border Tax Talks
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Tax Talks Podcast - What Should Corporate Taxpayers Focus On?
The UK is set to increase its corporate tax rate from 19 to 25% in April 2023. R&D tax credits are increasing to a 20% credit, unlike the US system,. That's a pre-tax credit, so for every 100 pounds that you spend on R&D in the UK, it'll effectively cost you 85 pounds because you get that credit of 20, taxed at 25%.
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