Press RoomSpecialist Tax News

R&D tax credits increased

In order to further encourage innovation in the UK, the Government has announced an increase in R&D tax relief for the SME sector from 225% to 230% from 1 April 2015. In addition, the credit for larger non-SMEs will be increased from 10% to 11%.

An advance assurance scheme for small businesses making their first claim to R&D tax credits will be introduced along with new guidance.

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