Research and Development (R&D) Tax Reliefs – The New 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.
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 government has now consulted on replacing the two existing Research and Development (R&D) schemes for tax relief with a single merged scheme.
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.