To support economic recovery one of the objectives of Government is to stimulate UK businesses by encouraging them to carry out research and development (R&D).
Tax credits for companies incurring qualifying R&D expenditure have been introduced to achieve this. In 2011 the rate of relief increased from 175% to 200% on annual expenditure of at least £10,000.
Marshall Smalley believes the value of this tax relief is likely to be further enhanced for 2012 in the Chancellor’s Budget on 21March.
If you think your Company may qualify for R&D tax relief we would welcome the opportunity to meet with you and discuss this further, entirely without obligation.
Friday, 16 March 2012
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