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What a Relief!

Anthony Newgrosh, Associate Partner at Vantis, responds to recent comments concerning a change in HMRC interpretation of the R&D guidelines and highlights rumours of future beneficial changes

 
Anthony Newgrosh Associate Partner at Vantis responds to recent comments concerning a change in HMRC interpretation of the R&D guidelines and highlights rumours of future beneficial changes
 
Samantha Vanagas and Chris Harrison's excellent article of 21 September 2009 set out the key components of the R&D tax regime which provides valuable incentives to UK-based companies whose work broadly seeks to achieve an advance in the field of science and technology.
 
In summary the regime provides (for small and medium-sized enterprises) an uplift in qualifying costs of 75% and for loss-making companies a repayable tax credit equal to 24.5% of the net...

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