Policy paper
Small and medium sized enterprises Research and Development Tax Relief
This Tax Information and Impact Note explains from 1 April 2014 the rate of research and development payable credit for loss making small and medium sized enterprises will increase to 14.5%.
Documents
Details
This measure will increase the rate of the cash credit payable to small and medium sized businesses that conduct research and development but do not have Corporation Tax liabilities.
It will provide further incentives for small companies and start-ups to invest in research and development. It targets companies for whom risks and market failures are most pronounced.
Published 19 March 2014