tax relief

r&d tax

Tax relief from Research and Development

February 5, 2023

Companies that invent new production methods or products can claim enhanced tax relief for the Research and Development (R&D) costs.   The enhanced expenditure scheme for small and medium-sized enterprises (SMEs) increases qualifying expenditure by 130%. So that for every £100 spent, the company enjoys a deduction of £230 from taxable profits. This may create

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