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R&D Answers: What Are Research And Development Tax Credits?

Date: 28th October 2011

It’s Wise To Understand What Research and Development Tax Credits Are So You Don’t Miss Out! The Research and Development Tax Credits scheme was designed by the now renamed government Department of Technology and Industry (DTI) to provide a Corporation Tax incentive to companies using science or technology to create innovative products, services or processes. The current rate as it applies to Small and Medium Enterprises (SMEs) enables companies to treat qualifying...
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R&D Answers: What Has Been The Impact of UK R&D Credits?

Date: 23rd August 2011

In money terms what has been the impact of Research and Development Tax Credits for UK business? The last figure published by HMRC indicated that in excess of £8b has been reclaimed since Research and Development Tax Credits were introduced in 2000 by all types of companies. In the latest year for which figures are available, 2011/12, the number of claims for R&D tax credits rose from the previous year by 16.5% to 12,190, representing £1.2 billion of tax relief suppor...
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