R&D Tax Credits - Are you maximising your reliefs? 
Added : 17th September 2008
Karen Francis
With effect from 1 August 2008 the tax relief available for SMEs who incur costs on research and development have been significantly enhanced.
Tax relief is now available for 175% of the relevant costs incurred which can be a significant boost for a company spending on R&D.
Karen Francis, Tax Partner at Regional Business Advisers, Cooper Parry says “A claim may be something that businesses have considered in the past and decided that they do not qualify; well that may not be the case today. The definitions have been amended over the years and relaxed in some areas so it may be worth another look.”
Karen continues “Cooper Parry are experienced in pulling together R&D claims in some cases going back over the last two years. If there is any possibility that businesses could qualify then they should get in touch with us on 01332 295544.
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