The government published its consultation on the introduction of an ‘a
The government published its consultation on the introduction of an ‘above the line’ (ATL) credit for R&D on 27 March 2012. There is a lot of work to do before the regime is launched but the ATL credit will be a good thing for UK R&D. It is however a shame that SMEs look like being excluded.
At present CTA 2009 Part 13 provides for R&D relief by way of an increased deduction in computing taxable profits. A loss-making large company does not have the ability to receive a...
