2011 Budget Updates

SME Scheme

Legislation will be introduced in Finance Bill 2011 to increase the deduction for qualifying R&D expenditure from 175% to 200% when computing the tax bill for SMEs. For example, a SME with £100,000 in qualifying R&D expenditure can claim £200,000 (£100k x 200%) as a deductible expense in the tax computation. Subject to State aid approval this change will take effect for R&D expenditure incurred on or after 1 April 2011.

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Research & development Tax relief for SMEs

Working with the PPMA as a strategic alliance partner, Braithwaite Tax Recovery Consultants can help eligible members claim tax relief on research & development (R&D) expenditure, which for SMEs has been available since 1 April 2000, and from 1 April ‘02 for large companies.