John Searle of the KPMG LLP (UK) research and development tax relief group explores the potential for further changes to improve Research and Development relief for SMEs
In the Finance Bill 2003 the Chancellor announced his intention to improve the Research & Development (R&D) tax relief schemes for both SMEs and large companies increasing the availability of the scheme and simplifying the guidelines. While these changes are welcome a question must be raised as to whether they address the problems at the root of the scheme and whether they go far enough to encourage companies to claim R&D tax relief.
Background
The R&D Tax Credit for SMEs was introduced in the Finance Act 2000 ...
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John Searle of the KPMG LLP (UK) research and development tax relief group explores the potential for further changes to improve Research and Development relief for SMEs
In the Finance Bill 2003 the Chancellor announced his intention to improve the Research & Development (R&D) tax relief schemes for both SMEs and large companies increasing the availability of the scheme and simplifying the guidelines. While these changes are welcome a question must be raised as to whether they address the problems at the root of the scheme and whether they go far enough to encourage companies to claim R&D tax relief.
Background
The R&D Tax Credit for SMEs was introduced in the Finance Act 2000 ...
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:
