Research & Development (R&D) Tax Credits

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R & D Claims

The above-the line R&D credit has risen at 01 April 2015 from 10% to 11% and the rate of the relief for the SME Scheme has risen from 225% to 230%. Qualifying expenditure for the R & D tax credits will be restricted so that the costs of materials incorporated in the products that are sold are not eligible for the relief.