Research & Development (R&D) credits – still a low take up
The Treasury has recently issued figures that show only 10,000 SMEs claimed R&D tax relief for 2011/12.
Currently SMEs can benefit from tax relief of 225% on qualifying costs. In order to qualify, companies have to demonstrate the scientific or technological advance they are seeking but in innovative companies, e.g. in manufacturing, this should not be an issue.
It is concerning that many businesses are still unaware of their ability to make a claim.
Date: 20th January, 2014
Articles from this Author
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
19 TAG Alliances Member Firms will be gathering in the Isle of Man this weekend for the 2018 UK and Ireland Regiona… twitter.com/i/web/status/1…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole