Research and Development (R&D) Tax Credit for SMEs

Tax credits are available on research and development (R&D) spending for small and medium-sized enterprises (SMEs) in the UK.

The tax relief on allowable R&D costs is 230% - that is, for each £100 of qualifying costs, the company or organisation could have the income on which Corporation Tax is paid reduced by an additional £130 on top of the £100 spent. It also includes a payable credit in some circumstances.