|SME enhanced deduction scheme||130%||130%||130%||130%||A|
|SME cash credit for R&D loss surrendered||14.5%||14.5%||14.5%||14.5%||B|
|Large company enhanced deduction scheme||30%||N/A||N/A||N/A||A|
|Large company above the line scheme credit (RDEC)||11%||11%||11%||11%||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 – Taxable credit available on qualifying R&D expenditure.
Please contact Tax Manager Craig Tolliday for further information.