29th December 2011
The Finance Bill includes the increase in the rate of R&D relief for SMEs to 225% with effect from 1 April 2012, now that State Aid approval has been granted. This increased rate of relief also applies to pre-trading expenditure. In order to pay for this increase, vaccine research relief is being withdrawn for SMEs, and the payable credit is also being reduced to 11%.
To read more please visit http://wwtaxclub.blogspot.com/2011/12/amendments-to-r-claims.html