Here is a short summary of the key changes related to the UK R&D tax credit incentive as announced in the March 2015 Budget statement.
- An increase in tbe SME rate of super-deduction from 225% to 230% from 1 April 2015
- An increase in the Large company scheme “above the line” credit from 10% to 11% from 1 April 2015
- Introduction of an advance assurance process from Autumn 2015 for those smaller companies making their first R&D tax claim and seeking some certainty as to eligibility
- Speedier processing, increased publicity and more…