R&D tax review

Draft legislation has been published to amend the terms of the existing R&D tax relief and vaccine research relief. The government has given a response to the further R&D consultation and confirmed that it will consult on an “above the line” tax credit to be introduced for large companies in 2013. Some commentators have argued that the proposed “above the line” credit should be extended to SMEs as well as to large companies.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s