R&D single scheme uncertainty for companies
The government has now consulted on replacing the two existing Research and Development (R&D) schemes for tax relief with a single merged scheme.
The government has now consulted on replacing the two existing Research and Development (R&D) schemes for tax relief with a single merged scheme.
R&D tax relief is a government incentive providing companies with tax breaks to encourage investment in innovative projects in the field of science and technology.
The rate of Research & Development Expenditure Credit (RDEC) will increase from 12% to 13% from 1 April 2020.
Even if you don’t think you’re doing R&D, you could be! Don’t let your company miss out on this most effective and generous tax relief.