Tax relief from Research and Development
Tax relief from Research and Development
February 5, 2023Companies that invent new production methods or products can claim enhanced tax relief for the Research and Development (R&D) costs. The enhanced expenditure scheme for small and medium-sized enterprises (SMEs) increases qualifying expenditure by 130%. So that for every £100 spent, the company enjoys a deduction of £230 from taxable profits. This may create
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