R&D tax credits

The credit is made available in one of two ways: either as a tax deduction based on R&D spending or it may be possible for certain loss making small or medium sized companies (SMEs) to surrender their losses in return for a cash payment from Her Majesty’s Revenue and Customs.

In this section

• Your views wanted about design of an ‘above the line’ credit for larger companies
• BUDGET 2011
• What are R&D tax credits? 
• How they help (PDF, 233 Kb)  
• Which scheme you should apply for 
• The meaning of R&D for tax purposes 
• Case studies

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