Policy paper

Research and development tax credits: increasing generosity

This Tax Information and Impact Note is about increasing the rates of research and development tax credits.

• From: HM Revenue & Customs
• Published: 10 December 2014

Documents

Research and development tax credits: increasing generosity

PDF, 32.4 KB, 3 pages

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Details

This measure introduces an increase in the rate of the ‘Above the Line’ expenditure credit for large company research and development activity from 10% to 11% from 1 April 2015, and an increase in the rate of relief for small and medium enterprises from 225% to 230% from 1 April 2015.

Published 10 December 2014