Companies that carry out research and
development (R&D) may be entitled to
enhanced tax relief. Small and medium
sized companies can deduct 175% of
qualifying expenditure incurred on R&D
projects from 1 August 2008 when
calculating their trading profits. Large
companies can deduct 130% of qualifying
costs from 1 April 2008.
To obtain payment of tax credits, the
company must make a claim in its
corporation tax return. Please get in touch
if you would like help in deciding whether
to claim a payment.
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