Relief for R&D expenditure is part of the government’s incentive programme to encourage innovation. The relief gives an enhanced deduction for qualifying expenditure, and for SMEs a tax refund is available. The relief applies to certain categories of expenditure incurred by companies on qualifying R&D, where the company can identify R&D projects which provide a scientific or technological advance in the particular field.
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Relief for R&D expenditure is part of the government’s incentive programme to encourage innovation. The relief gives an enhanced deduction for qualifying expenditure, and for SMEs a tax refund is available. The relief applies to certain categories of expenditure incurred by companies on qualifying R&D, where the company can identify R&D projects which provide a scientific or technological advance in the particular field.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: