Budget 2014 – Get Spending!

Today’s Budget has announced an increase in the R & D tax credit for SME’s. the rate has increased to 14.5% for expenditure on or after 01 April 2014 ( next month). This is particularly useful for both start up SME’s and SME’s with large client relationships where they are seconded on to project work. This represents a huge increase as the previous rate was 11%.
This realigns the credit with the new R & D Expenditure Credit for large companies, providing SME’s with real value from R & D.
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