Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Increase to R&D expenditure credit

16 January 2018 / Nigel Holmes
Issue: 4631 / Categories: Comment & Analysis
istock-624356890_fmt_0

Reacting to changes

KEY POINTS

  • The rate of research and development expenditure credit increases to 12% from January.
  • The scheme is for large companies but can be used by small and medium-sized enterprises on state aid.
  • It is available to loss-making companies as well as profitable ones.
  • The new rate suggests that the government is committed to R&D relief.

I often joke that Budget day is to tax advisers what Christmas Day is to children. Sad I know. If there is one difference it is that many children tend to unwrap their big presents first before moving on to stocking fillers and selection boxes. With the Budget it is the other way around.

Most tax announcements are kept until the latter part of the chancellor’s speech with the early exchanges focused on the macro-economic statistics...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

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.

FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

back to top icon