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Product development - Tax planning for growing businesses

The key relief in this area is Research and Development tax credit. This provides for tax relief on, broadly, relevant salaries and consumables at 125% or 150% of spend, depending on the number of employees and whether or not your company is large by Companies Act definitions. 

The legislation additionally provides for capital allowances at 100% on R&D equipment.

To see if your product creation and/or development would qualify, you should look at the DTS and HMRC websites: links may be found at

For further details see our detailed note on Research & Development Tax Credits.



Date: 2nd April, 2007
Author: Cathy Corns


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