Market leading insight for tax experts
View online issue

R&D tax relief: tips and traps

The current R&D regime has a number of anomalies. Andy Nash highlights some of the key practical issues for SMEs

As the government faces up to the challenges of stimulating growth in the private sector one should not lose sight of the important role that the current system of R&D tax relief plays in encouraging investment by companies in R&D activities.

Two R&D tax relief schemes were introduced at the beginning of the last decade to incentivise innovative R&D activities carried on by British companies: first the SME scheme and then the large company scheme. With the SME regime now over ten years old the government has begun consulting with the tax profession and industry on ways to improve R&D tax relief. Changes to improve R&D relief for SMEs are expected to be included in Finance Bill 2011 with further modifications to the legislation planned for...

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:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top