R&D tax relief and Brexit - what next?

Only time will tell and much will depend on the outcome of the Brexit negotiations.

However it seems likely that the current trend of increasingly generous tax reliefs for businesses undertaking research and development will continue.

In particular the UK will, at some stage, no longer be bound to European Union rules concerning state aid and at that stage significant changes to the scheme, although such decisions will be for the government of the day to make.