.png)
.png)
Unlock innovation for SMEs
KEY POINTS
- Many businesses believe they are not eligible to claim research and development tax relief.
- Any size business can qualify even loss-making ones.
- Discuss development work with a company’s technical staff rather than the finance team.
- Four main types of costs qualify: those on staff contractors materials and software.
In this year’s spring Budget after consultation with the business community Chancellor of the Exchequer Philip Hammond stated that research and development (R&D) tax incentives are helping the UK to maintain its position as a globally competitive place to start and grow a business. This is good news for small and medium-sized enterprises (SMEs). But in announcing measures to reduce administrative burdens and improve awareness of R&D tax credits among SMEs the Treasury suggested there is still...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
