Research and Development
Research and Development spend
Research and Development spend The Office for National Statistics (ONS) has revealed that UK businesses Research and Development (R&D) spend was £25 billion in 2018. Data from the ONS showed that total R&D expenditure increased from £23.7 billion in 2017 to £25 billion in 2018. The report showed: the aerospace industry saw the largest increase in R&D expenditure with
R&D tax relief increased
Increase in R&D tax relief. The rate of the R&D expenditure credit is being increased from 11% to 12%, in order to support business investment in R&D. This is the relief available to those companies that do not qualify for the more generous relief available to SMEs. Robinsons London Accountants – accounting done differently At Robinsons we work hard
Is your company doing Research and Development?
Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D). Revenue and Customs (HMRC) have recently updated their guidance on claiming R&D tax credit relief and have reminded companies that it is possible to obtain advance assurance that the R&D activities are eligible to make a claim. If you are a Small
Robinsons Chartered Certified Accountants is a highly respected and established accountancy firm with a small team of central London staff and additional back office support.
