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A good, and all important, question!
Qualifying SMEs can claim tax relief of up to 230% on eligible R&D spend.
This means that for every £100 spend on qualifying costs, you can deduct an additional £130 when calculating profits for corporation tax.
The amount of relief you claim will be determined by your corporation tax liability and whether you are profit or loss-making:
For more articles, videos and detail on R&D then please visit the R&D section on our website.
If you have any queries about this video or R&D in general, then please do not hesitate to get in touch.
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ETC Tax is a specialist tax advisory firm with two specific aims:
Due to demand for high quality specialist tax advice ETC Tax has seen rapid growth over the past few years. Today, our tax team is made up of a group of highly experienced Chartered Tax Advisers who between us have amassed a wealth of tax experience, mostly gained at Big 4 and Top Ten accountancy firms. Supported ably by a team of passionate Tax Advisers and committed support staff we enjoy working together to achieve the best possible outcome for our clients, priding ourselves on delivering complex tax advice in a commercial and ‘user friendly’ way.
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How much R&D relief can I claim was last updated on 24 April 2020.
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