Autumn Statement 2017 : Increased Incentives for UK R & D
Although almost unremarkable, and against the backdrop of a downgraded O.B.R growth forecast, the first Autumn Statement contained three improvements in the reliefs and incentives on offer to UK innovators, in terms of improved RD relief for large companies and investment incentives in the RD sector.
Perhaps an improvement in the SME RD rates would have been more welcome as the reduction in corporation tax rates erodes the real value of RD reliefs for smaller businesses. Nevertheless the continued focus on RD growth is a positive sign…….
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