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Research and Development Relief

Small and Medium sized businesses (SME) are able to obtain significant additional tax relief on reseacrh and development expenditure. SME businesses are those having less than 500 employees and either turnover less than 100 million euros or gross assets of less than 86 million euros.

A profit making SME can obtain additional tax relief of 130% on research and development expenditure. Hence for every £1 spent, tax relief is available of £2.30.

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Tony Shackleford
Tony Shackleford

Chartered Accountant offering support to Limited companies and the self employed.

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