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 expenditure. The latter can be particularly valuable to start-up companies for which particularly in these challenging times obtaining sufficient finance can be a huge hurdle...
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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 expenditure. The latter can be particularly valuable to start-up companies for which particularly in these challenging times obtaining sufficient finance can be a huge hurdle...
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:
