This Content Was Last Updated on November 5, 2015 by Jessica Garbett


Legislation will be introduced in Finance Bill 2015 to amend the R&D provisions in CTA 2009 in order to increase the rate of the expenditure credit from 10% to 11% and the rate of the SME scheme from 225% to 230%.

R&D tax credits are a key element in the government’s commitment to an internationally competitive tax system and in its objective for strong and sustainable private sector-led growth. Raising the rate of both the ATL expenditure credit and the SME relief will increase the financial value of the relief, increasing the incentive to carry on R&D and improving the competitiveness of the UK as a location for R&D investment. 

Article by ACCA In Practice