The rushed implementation of ERIS continues to demonstrate why legislation should be properly consulted on before implementation.
R&D companies are getting to grips with a raft of new rules governing R&D tax reliefs with some of the most complex reserved for smaller businesses. Enhanced support for R&D intensive SMEs (ERIS) was a last-minute reprieve from the rate reductions applied to SME relief in 2023. It offers relief comparable to the previous SME scheme for SME companies that are loss making and meet an R&D intensity threshold. At the same time further provisions prevent companies including most R&D expenditure on contractors and agency workers where activities are carried on outside of the UK.
Northern Ireland’s unique relationship with the EU following Brexit meant that the restrictions on overseas activities were disapplied for companies with a registered office in Northern Ireland. Instead a limit applies to the...
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:
The rushed implementation of ERIS continues to demonstrate why legislation should be properly consulted on before implementation.
R&D companies are getting to grips with a raft of new rules governing R&D tax reliefs with some of the most complex reserved for smaller businesses. Enhanced support for R&D intensive SMEs (ERIS) was a last-minute reprieve from the rate reductions applied to SME relief in 2023. It offers relief comparable to the previous SME scheme for SME companies that are loss making and meet an R&D intensity threshold. At the same time further provisions prevent companies including most R&D expenditure on contractors and agency workers where activities are carried on outside of the UK.
Northern Ireland’s unique relationship with the EU following Brexit meant that the restrictions on overseas activities were disapplied for companies with a registered office in Northern Ireland. Instead a limit applies to the...
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:
.tmb-editorspic.jpg?sfvrsn=c9a7a0cc_1)
