Changes to Large Company Research & Development relief

10th November 2017

 

The Research and Development Expenditure Credit (RDEC) has now replaced the large company R&D scheme. This credit is mandatory for accounting periods ended 31 March 2017, and we are now seeing the implications of claiming the new relief. The credit applies to large companies, and SME’s who claim under the large company scheme, for instance those who receive a grant or subsidy for their R&D project or those who have been subcontracted to do R&D work by a large company.

 

The Research and Development Expenditure Credit offers a higher rate of relief than the old large company scheme and companies who make losses can potentially claim a cash credit.



 
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