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SIMPLY OFFICE SOLUTIONS LIMITED
July 7, 2014
Research and Development (R&D) Relief is a Corporation Tax (CT) relief that may reduce your company or organisation's tax bill.
Alternatively, if your company or organisation is small or medium-sized, you may be able to choose to receive a tax credit instead, by way of a cash sum paid by HM Revenue & Customs (HMRC).
But your company or organisation can only claim R&D Relief if it's liable for CT.
From 1st April 2014, the rate for loss making SMEs was increased from 11% to 14.5%.
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