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Research & Development Tax Credits
|SME enhanced deduction scheme||130%||130%||130%||A|
|SME cash credit for R&D loss surrendered||14.5%||14.5%||14.5%|
|Large company above the line scheme credit (RDEC)||12%||12%||13%||B|
A – Additional (enhanced) tax deduction available for qualifying R&D expenditure. From 1 April 2016, the only scheme available to large companies is RDEC.
B – Tax credit available on qualifying R&D expenditure. RDEC rate increased to 12% on qualifying expenditure incurred on or after 1 January 2018. The rate was 11 % prior to the change.
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